This week, the Social Security Administration (SSA) said that Social Security Benefits will increase by 5.9% in 2022. These Cost-Of-Living Adjustments or COLAs are made annually to counteract inflation. Since 1975, Social Security's general benefit increases have been based on increases in the cost of living, as measured by the Consumer Price Index. COLA is an important factor to track when managing a financial plan, before and during retirement. The most recent COLA increase is
US investors have an estimated 2% in China stocks but should it be higher? Instead of reading the headlines, let's take a look at what the smart money is doing… with their kids.
The CARES Act passed by Congress in March provided stimulus money to millions of Americans, and it also gave retirees a reprieve from having to take mandatory annual withdrawals from their retirement savings, including 401(k) plans and individual retirement accounts.
Many lifestyle gurus have sold the idea of living for the moment and that we should only do that which makes us feel good. Looking at Instagram and you'll find 27.8 million pictures with the hashtag #YOLO, the acronym for “you only live once.” This phrase indicates a desire to live in the moment, and in extreme circumstances as an excuse for bad or risky behavior. It sounds alluring until you look at the data