I'm not counting on Social Security COLAs to carry me through retirement. Here's my plan.
Broadly speaking, the older you are, the less exposure to the stock market you're supposed to take on. When you need safety and certainty, more reliable investments like interest-bearing bonds and even higher-yielding cash balances are prioritized. And understandably so.
2 Social Security Cost-of-Living Adjustment (COLA) Changes Retirees Really Want to See
The 2025 Social Security cost-of-living adjustment (COLA) came in at just 2.5%. That's well under the 3.2% retirees got last year and far less than what many were hoping for. The high inflation over the last few years has made it difficult for retirees to afford their basic expenses,
Social Security December 2024: Here's When You'll Get Your Money
When will I get my Social Security check? Want to know which day of the month you'll get your check? Here's the Social Security and SSDI payment schedule for November. How is my S
Next year's 2.5% Social Security COLA isn't so bad when you consider this
But when we look back at the data, it becomes clear that a 2.5% Social Security COLA isn't so terrible. In fact, it's a lot more generous than some of the COLAs beneficiaries have seen in the past. In 2024, Social Security benefits rose by 3.2%. The year prior, they increased by 8.7%. And in 2022, a 5.9% COLA came through.
Social Security Retirees Just Got Bad News About the 2025 Cost-of-Living Adjustment (COLA)
Social Security's annual cost-of-living adjustments (COLAs) are calculated based on how inflation changes in the third quarter, the three-month period from July through September. In this scenario, inflation is measured using a subset of the Consumer Price Index (CPI) known as the CPI-W.
What Day Of The Month You Should Expect To Receive Your Social Security Check?
Social Security recipients receive their checks on the same day of the week. Which week (second, third, or fourth) is determined by your birth date.
SOCIAL SECURITY AND YOU: Social Security: A Global View
I have always been amazed by the number of people who think Social Security is unique to the United States. Or if not truly unique, they figure that maybe a
2 Important Social Security Changes Retirees Can Expect in 2025, and Another Big Change That's Unlikely
Social Security will get a 2.5% cost-of-living adjustment in 2025, and the average retired worker will receive about $48 more per month. The Social Security benefits formula will be revised to account for rising wages,
Only 5 Years Away From Claiming Social Security? Do This Now
Deciding when to claim Social Security benefits is one of the most important financial decisions you'll make ahead of retirement. You can claim benefits as early as age 62, but you're almost
What the cost-of-living adjustment increase in Social Security means
A 2.5% cost-of-living adjustment increase will mean an extra $50 a month for most Social Security and SSI recipients.
If You're on Social Security, Do This Before Dec. 31
The good news is that the Social Security Administration (SSA) should be sending you a letter this month detailing how your ...
Keep an eye on your mailbox: dates when Social Security payments COLA increase notices are sent
Each year, the SSA increases the benefits payments to match inflation. To help beneficiaries budget notices are sent. Here’s ...
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3 Social Security COLA Dates To Know for 2025
The Social Security Administration (SSA) recently announced that beneficiaries will get a 2.5% cost-of-living adjustment (COLA) in 2025. The new adjustment will boost the average retirement ...
Are You Ready for These 4 Social Security Changes Coming in 2025?
The good news is that the earnings-test limits are going up in 2025 from $22,320 to $23,400. From there, $1 in Social ...
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Social Security Benefits Get a COLA in 2025, but Some Retirees Can Expect an Above-Average Raise
Last month, the Social Security Administration announced that beneficiaries will receive a 2.5% cost-of-living adjustment (COLA) in 2025. That revelation disappointed many Social Security ...
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2025 Social Security payments: When will the first COLA adjusted payments arrive?
Based on the calculation conducted in October, the SSA determined that the COLA would be 2.5 percent for 2025. In October 2024, the average Social Security check paid to a retired worker was $ ...
Some Social Security Beneficiaries Will Pass a Historic Milestone in 2025. Are You Among Them?
Social Security will see several major changes take effect on Jan. 1. Some of them, like the 2.5% cost-of-living adjustment ...