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How to make the most of your 2019 COLA increase

The recently announced COLA increase means that the average beneficiary will be getting about $39 per month ($468 per year) more than they are getting this year. That number varies, of course, based upon whether your actual benefit is less than or more than the “average” benefit. But rather than look at the extra money as something to be used frivolously, it would be wise to look at it in the “bigger picture” as an annual amount that can be used relieve the pressure of necessary costs such as utilities, and how it fits into your overall retirement financial plan. This CNBC article by Lorie Konish offers some tips on how to make the best use of your COLA increase.  Click here to read more.

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