3 Things All Retirees Need to Know About Social Security COLAs
Social Security cost-of-living adjustments, or COLAs, help protect the retirement, disability, and survivors benefits of millions of Americans from the potentially devastating effects of inflation. However, the process by which the annual COLA is calculated isn't well understood by many people, so let's take a look at the important details you should know.It's also starting to look like the 2026 Social Security COLA could be the lowest in several years, so I'll take a look at the latest estimate, and why it could change significantly before it is official.Image source: Getty Images.Continue reading
Social Security cost-of-living adjustments, or COLAs, help protect the retirement, disability, and survivors benefits of millions of Americans from the potentially devastating effects of inflation. However, the process by which the annual COLA is calculated isn't well understood by many people, so let's take a look at the important details you should know.
It's also starting to look like the 2026 Social Security COLA could be the lowest in several years, so I'll take a look at the latest estimate, and why it could change significantly before it is official.
Image source: Getty Images.
