3 Things Retirees Need to Know Today About Their 2025 Social Security COLA
If you're retired, planning ahead is important for your financial security -- especially if you're living on a fixed income and can't simply earn more cash if you need it.
That's why it's a good idea to keep tabs on current data related to your upcoming Social Security cost-of-living adjustment, or COLA. These adjustments happen most years to increase benefits, which means you may have more money to spend without tapping into your savings.
So, what do you need to know about the COLA that you'll see next year? Here are three key facts you should be aware of today so you can be better prepared for the future.
Source Fool.com
