The Golden Years May Become Scary

When the Social Security Administration announced that for 2016, 2017, 2018, there would be NO “cost of living adjustment” (COLA) to retirement payments, many considered inflation was under control. The reason for no COLA is simple, and Congress sets the COLA based on the performance of the Consumer Price Index (CPI). The CPI failed to grow [...]

By |2020-04-15T23:48:12+00:00September 24th, 2019|Retirement Planning|

Social Security Will Run Out of Money

Social Security will never run out of money I know that is a broad and concerning statement, and one intended to cause the reader to investigate further. The new research report from Boston College’s Center for Retirement Research provides us with fresh and actionable information. If current spending, without tax adjustment, continues, in 2034, benefits [...]

By |2020-04-15T23:54:40+00:00June 28th, 2016|Social Security|