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Understanding How the 2023 COLA Relates to Your Benefit Amount

Something that’s often overlooked when assessing retirement cash flow in an early retirement situation is the math behind the application of annual cost-of-living adjustments (COLAs). CNBC personal finance reporter explains how an early filing decision leads to a curtailment of the full impact of each year’s COLA, and how waiting to file can maximize the value of this adjustment over time. Read her post here…

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