How a ‘magic birthday’ could change your retirement
The new year brings a variety of changes and opportunities from Social Security, especially if you have a “Magic Birthday” in 2014. Read on to learn the impact on your pocketbook. Are you getting Social Security now? Everyone on Social Security gets a 1.5% cost of living adjustment (COLA) effective with their January payment. Every year Social Security gets a raise exactly equal to inflation, as measured by the Consumer Price Index (CPI). Last year inflation was 1.5%, so your payment goes up that much...Read More
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