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The offset to COLA increases - The Motley Fool
Nearly 22 million seniors get by on Social Security alone. This makes the annual Social Security cost-of-living adjustment (COLA) a mechanism to ensure that Social Security benefits maintain their purchasing power in the face of inflation. The COLA for 2026 was 2.8 percent, which would increase the average benefit of $2,000 by $56 per month. However, there is one cost that offsets much of this increase. What is it? Stefon Walters, writing for The Motley Fool, explains this cost that caused Social Security recipients to see less purchasing power than the COLA may indicate. Read Mr. Walters’ article here…
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Invest my cola in a separate account in my name..