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Social Security’s Largest Cost-of-Living Increase in 40 Years: Will it be Enough?
- October 31, 2022
- By: Phil Cannella
- Blog
- 0 Comment
As inflation stayed consistently high throughout much of 2022, the Social Security Administration (SSA) announced an 8.7% cost-of-living adjustment (COLA) for Social Security beneficiaries starting in 2023. This is the largest COLA since they increased benefits by 14....
Read MoreAre You Missing Out on Government Benefits in Retirement?
- October 31, 2022
- By: Phil Cannella
- Blog
- 0 Comment
American seniors today face more financial challenges than any other group of retirees in history. A declining economy, combined with record-high inflation, has depleted retirement accounts, and raised the prices of goods and services across the board. Even two consec...
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