Why You Can’t Count on Social Security COLAs in Retirement — and What to Do Instead
At this point, we’re only a few days away from a 2025 Social Security cost-of-living adjustment (COLA) announcement. And if you’re someone who gets the bulk of your senior income from Social Security, you may be eager to know how much your monthly benefits will increase in the new year. But being reliant on Social […]
Social Security’s 2025 COLA: Here’s How Much Benefits Are Forecast to Increase for Retirees Aged 62 to 70
The Social Security program undergoes several changes each year to ensure benefits keep pace with rising prices and wages. The most anticipated of those changes is the cost-of-living adjustment (COLA), which essentially reimburses retired workers for the previous year’s inflation. The Social Security Administration will announce the official COLA for 2025 on Thursday, Oct. 10, […]
