Social Security: Ring in the new year with a COLA
Many people ring in the new year with Champagne. People who receive Social Security or Supplemental Security Income (SSI) get to ring it in with a COLA. This year, more than 60 million Americans are receiving a 1.5 percent cost of living adjustment (COLA) in their monthly benefit payment. The 1.5 percent COLA begins with increased benefits for more than 57 million Social Security beneficiaries in January 2014, and payments to more than 8 million SSI recipients in late December 2013...Read More
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