COLA

The initial installment of February's three Social Security disbursements, with a maximum value of $4,873 for individuals retiring at the age of 70 with the highest earnings, commenced distribution to the first cohort of retirees on…

The Senior Citizens League, a nonpartisan, non profit organization for seniors, projected a 1.75% cost-of-living adjustment (COLA) for Social Security in 2025 based on the January consumer price index report.  This anticipated increase…

In 2024, Social Security payments received a 3.2 percent increase due to the annual cost-of-living adjustment (COLA).  However, numerous seniors are expressing dissatisfaction, arguing that this adjustment does not adequately offset the…

If you have yet to assess your potential tax liability for the current year as a recipient of Social Security benefits, it is advisable to do so promptly.  The 8.7% cost-of-living adjustment (COLA) implemented in 2023, resulting in…

More than 66 million Social Security recipients can anticipate a 3.2% COLA in their benefits in 2024 as a result of rising inflation. This is good news for those who depend on Social Security to make ends meet and keep up with the…

The 2024 COLA increase for Social Security benefits aims to assist beneficiaries in coping with higher living costs due to inflation. This COLA is an essential mechanism that ensures benefits keep pace with the shifting economic…

The COLA, which is scheduled to take effect in 2024, is generating growing interest among Social Security beneficiaries.  This annual adjustment promises to enhance the monthly checks received by millions of Americans, providing a…

The Social Security Administration (SSA) has announced a COLA for 2024, which is a significant step in enhancing the financial security of senior residents.  This adjustment is designed to enhance the payments received by millions of…