Cost of Living Adjustment (COLA) to Rise 5.9%, Most in 40 Years

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

Will #YOLO Ruin Your Retirement? It Doesn’t Have to.

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

By |April 13th, 2018|retirement|0 Comments
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