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Next Year’s COLA
2017 is bringing with it a raise for Social Security beneficiaries. This raise will be to the amount of 0.3%. As the cost of living rises at an exponentially faster rate many are left feeling insulted and wondering how they will stretch their already thin budgets. There are a few ways to assuage the problem, but outside of a get-rich-quick scheme they will take work and willpower. A part time job could go a long way to improving your budget without lowering your quality of life or in some cases improving it by injecting some more cash flow in to your retirement. Many retirees are also finding success in renting out rooms in lieu of downsizing their home. There are a few more options, but always be wary of deals that look too good to be true. For more information visit this article by Steve Vernon with CBS News.
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