What Is a Social Security COLA, and How Can It Affect Your Retirement Plan in 2025?
Retirees are often thought to be living on fixed incomes, but most of them are collecting Social Security benefits, and those benefits are not exactly fixed -- because they're increased nearly every year via cost of living adjustments (COLAs).It's important to understand what COLAs do -- and how they can affect your retirement.Image source: Getty Images.Continue reading
Retirees are often thought to be living on fixed incomes, but most of them are collecting Social Security benefits, and those benefits are not exactly fixed -- because they're increased nearly every year via cost of living adjustments (COLAs).
It's important to understand what COLAs do -- and how they can affect your retirement.
Image source: Getty Images.
