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Fin Planning Dec 2016 - "Why the Social Security COLA Adjustment Doesn't Work"

Fin Planning Dec 2016 - "Why the Social Security COLA Adjustment Doesn't Work"

Fin Planning Dec 2016 - "Why the Social Security COLA Adjustment Doesn't Work"

Excerpt


Why the Social Security COLA Adjustment Doesn't Work



In October of 2016, the Social Security Administration released the annual cost of living adjustment (COLA) update for Social Security benefits for the upcoming year. The average monthly increase in 2017 for retirees is about $5; $6 a month for couples.


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