3 Things All Retirees Need to Know About Social Security COLAs

The annual Social Security cost-of-living adjustment, or COLA, is one of the most important details of the government program. The annual bump in benefits helps ensure that seniors can maintain their standard of living throughout retirement.But the details of the annual COLA shouldn't be ignored. Understanding how the COLA works could help you make some very important financial decisions over the next few months, the next year, and possibly the better part of a decade. And with the importance of Social Security to many households' retirement budgets, it's worth knowing all the details about Social Security COLAs.Here are three things all retirees need to know.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool