Social Security provides benefits to over 71 million Americans, including retirees, veterans, and dependents. Benefits are initially calculated based on a worker’s earnings history. However, to prevent these payments from losing value over time, annual cost-of-living adjustments (COLA) were created by law in 1973 and took effect in 1975. The COLA varies each year. For […]
Social Security COLA rises with increasing inflation pressure A look at Social Security’s adjustments for inflation, including the increase in the cost-of-living adjustment (COLA) to 3% for 2025 and the increase in the Consumer Price Index (CPI). A cooling of inflation is likely to lead to a modest adjustment in the cost of living for […]
Pensioners who were hoping for an increase in their social benefits could receive less than previously expected, an analyst predicted. Independent Social Security and Medicare policy analyst Mary Johnson predicts that the cost-of-living adjustment (COLA) for retirement and disability benefits will be 2.5 percent in 2025, up from the 2.57 percent estimate in August. Johnson […]
“Inflation is when you pay $15 for a $10 haircut that used to cost $5 when you had hair.” –– Former baseball player Sam Ewing This quote is amusing – and it is also instructive, because it is quite outdated due to inflation. According to one recent estimate, the average cost of a haircut for […]
Personal data of millions of Americans hacked in data theft Millions of social security numbers were hacked after a massive data theft. Here’s how you can protect yourself. This year, nearly 68 million American retirees, veterans and dependents rely on Social Security benefits each month to make ends meet. For nearly 30% of Americans, these […]
Personal data of millions of Americans hacked in data theft Millions of social security numbers were hacked after a massive data theft. Here’s how you can protect yourself. Some Social Security recipients may have noticed something unusual in this monthly schedule: There is no SSI payment scheduled for the month of September. The slight change […]
Today, a range of social security payments are paid out to selected groups of recipients. According to the Social Security Administration (SSA), an estimated 68 million Americans will receive some form of Social Security benefits each month in 2024. These benefits include old age, disability, and survivor benefits, with total payouts of about $1.5 trillion […]
Social Security COLA rises with increasing inflation pressure A look at Social Security’s adjustments for inflation, including the increase in the cost-of-living adjustment (COLA) to 3% for 2025 and the increase in the Consumer Price Index (CPI). Every year, millions of Americans who rely on Social Security benefits wait for news about the annual cost-of-living […]
Allworth Advice: Should You Retire Later Than Your Spouse? Amy Wagner of Allworth Financial discusses reasons to retire later than your spouse. It’s no surprise that Collier County is considered the “best place” to retire. In fact, we’ve lost track of how many times this southwest Florida county, with its beautiful Gulf of Mexico coastline, […]
10 Things to Do in Myrtle Beach, South Carolina Whether you’re looking for fun in the sun or good times at night, Myrtle Beach has something for everyone. 10Best Editors, USA TODAY 10Best Workers considering retiring to sunny South Carolina should read this article from Travel + Leisure. In a compilation of the eight best […]
