I'm Not Counting on Social Security COLAs to Carry Me Through Retirement. Here's What I'm Doing to Combat Inflation Instead.
If you're stressing out about your future retirement because the idea of a fixed income is scary, know that you're not likely to be living on a totally fixed income -- most of us are scheduled to start collecting Social Security benefits in the future, and those benefits get nearly annual cost-of-living adjustments (COLAs).COLAs are great, and I'd much rather receive them than not, but I'm not counting on them keeping me afloat throughout my retirement. Here's why.Image source: Getty Images.Continue reading
If you're stressing out about your future retirement because the idea of a fixed income is scary, know that you're not likely to be living on a totally fixed income -- most of us are scheduled to start collecting Social Security benefits in the future, and those benefits get nearly annual cost-of-living adjustments (COLAs).
COLAs are great, and I'd much rather receive them than not, but I'm not counting on them keeping me afloat throughout my retirement. Here's why.
Image source: Getty Images.
