COLA and retirement income

Social Security COLA 2025 Announced in October – Learn How It Changes Your Benefits

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Social Security COLA 2025 Announced in October – Learn How It Changes Your Benefits

Every year, millions of Social Security beneficiaries eagerly await news about their Cost-of-Living Adjustment (COLA), which ensures that their benefits keep pace with inflation. The COLA is determined by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), a measure of the inflation rate based on the prices of goods and services, … Read more

Social Security COLA Update – What It Means for Your 2025 Retirement

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Social Security COLA Update – What It Means for Your 2025 Retirement

Each year, the Social Security Administration (SSA) announces a Cost-of-Living Adjustment (COLA) to help beneficiaries keep up with inflation. For retirees and those planning to claim Social Security soon, this adjustment is a critical factor in financial planning. The 2025 COLA increase could bring higher payments, but it may also come with certain financial implications. … Read more