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COLA 2020…A Long-Range Look Ahead
It might be a pointless exercise to gaze a year into the future, given the uncertainties swirling around the economy in h=general and the federal government in particular; nevertheless, The Motley Fool’s Sean Williams, in a post today on helenair.com, does just that. Citing depressed energy prices and a slumping housing market, Williams suggests that the 2019 2.8% bump is not likely to be repeated. Read his conjecture here…, but of course keep in mind that there’s a boatload of variables in play, and October is a long way off.
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Everybody keeps giving the advice of maximizing the Social Security benefit. Meanwhile, those who have less in retirement savings earn MORE than those who have additional savings to draw from. I put twice as much into SS as my sister yet I am earning $300 L:ESS than her each month because of my tax bracket. Plus, I am helping to support and adult daughter and cannot use her as a dependent on my tax returns. Something isn’t right here, something isn’t right!