What Is a Social Security COLA and How Can It Affect Your Retirement Plan in 2025?
When most of us retire, we'll be living off our investments, to some degree and, most likely, also receiving critical income from Social Security. It's only fair, since most of us have been taxed on our earnings for Social Security (and Medicare) for all our working lives.Here's a look at a key feature of Social Security benefits -- cost of living adjustments (COLAs) -- and how they might factor into your retirement planning.Image source: Getty Images.Continue reading
When most of us retire, we'll be living off our investments, to some degree and, most likely, also receiving critical income from Social Security. It's only fair, since most of us have been taxed on our earnings for Social Security (and Medicare) for all our working lives.
Here's a look at a key feature of Social Security benefits -- cost of living adjustments (COLAs) -- and how they might factor into your retirement planning.
Image source: Getty Images.
