Here’s How Much Your 2025 Social Security COLA Would Be If Kamala Harris Had Her Way
All Social Security recipients will soon receive a raise. On Oct. 10, 2024, the Social Security Administration (SSA) announced that benefits for more than 72.5 million people will increase by 2.5% in 2025. No change has been made to how the annual cost-of-living adjustment (COLA) is calculated since 1975. But many political leaders have wanted […]
There’s a Big Problem With Social Security’s 2025 Cost-of-Living Adjustment (COLA)
For Social Security’s more than 68 million beneficiaries, nothing loomed larger last week than the annual reveal of the program’s cost-of-living adjustment (COLA). Based on 23 years of annual surveys from Gallup, 80% to 90% of retirees (including 88% in 2024) have consistently pointed to their Social Security income as being necessary to make ends […]
On Medicare? 3 Ways Retirees Can Lower Their Out-of-Pocket Costs.
One of the biggest myths about Medicare is that the program will cover your health-related needs in retirement without you having to spend a dime. In reality, Medicare coverage can be expensive. Not only does Medicare Part B, which covers outpatient care, charge enrollees a monthly premium, but there’s an annual deductible that needs to […]
