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Forget Social Security COLAs. Combat Inflation in Other Ways
Charlene Rhinehart’s main point in this piece is to aggressively plan ahead so one is never reliant on Social Security cost of living adjustments (COLAs) to make ends meet. Her suggestions are these: Beef up retirement accounts; Build a dividend portfolio; Manage income and expenses. Lastly the author suggests people should consider creating their own retirement plan by taking control of their skills, savings, and investments now in order to build a solid financial cushion regardless of what COLAs will be one day. Full piece here.
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