COLA
Analyzing two key potential Social Security changes offered for consideration
As noted in today’s headline post on this site, many policy experts are weighing in with specific proposals to adjust Social Security that could help address the program’s impending financial crisis. In a post today on MarketWatch.com, retirement reporter Jessica…
Capping COLA: What Would it Mean for Social Security Solvency?
Social Security’s annual cost-of-living adjustment (COLA) is, naturally, in the news these days. The announcement of an across-the-board 2.8% increase beginning in January has generated quite a bit of commentary, including criticism for its inability to help seniors combat inflation.…
A Reflection on the 2026 COLA
The recent announcement of a 2.8 percent cost-of-living adjustment (COLA) for Social Security benefits has been widely panned as inadequate given the economic environment seniors face. Sure, it’s more than last year’s 2.5 percent, but many pundits note that the…
The Medicare Premium Impact of COLA
In all the hoopla surrounding last week’s announcement of the 2026 Social Security cost-of-living adjustment, many media accounts gloss over the effect of Medicare’s premium increase. And it’s a big effect, since it amounts to an 11.6 percent increase in…
Understanding the 2026 Social Security COLA: What Seniors Need to Know
After weeks of anticipation and a two-week delay, the Social Security Administration has announced the cost-of-living adjustment (COLA) for 2026. Beginning in January, recipients will see a 2.8 percent increase in their monthly benefit payments. This yearly adjustment is meant…
Social Security Announces 2.8 Percent Benefit Increase for 2026
The awaited announcement of the 2026 Cost of Living Adjustment has finally been made. Please see this article from the Social Security Administration. Also, if you’re unsure about how these basics apply to you, or if you have any questions…
COLA will be announced today! Do you understand the process?
Historically, the annual Cost of Living Adjustment (COLA) to everyone’s Social Security benefit is announced on October 15th, but this year the announcement was delayed to October 24th because of the government shutdown. Thus, today is a big day for…
Tips to Prevent Retirement Financial Disaster
Retirement can be scary! Depending on your financial circumstances, unknown future situations can derail your retirement comfort and result in financial disaster, thus entirely disrupting your life. So, what should you do to avoid such circumstances? Well, renowned financial advisor…
Concerned about Social Security? Don’t be!
If you pay attention at all to media accounts and armchair pundits, you are already aware that Social Security has a looming solvency issue, expected to come to a head in less than a decade. According to the Trustees of…
COLA and You!
In mid-October every year, we learn what our Cost of Living Adjustment (COLA) will be for the upcoming year. For most seniors, their Social Security payment is a major source of income, and COLA is applied to your SS monthly…