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SSA will announce the 2026 COLA in October, with a 2.7% forecast. Inflation after September affects the 2027 COLA, not next ...
The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the ...
Other changes to Social Security in 2025 include a smaller cost-of-living adjustment (2.5%, down from 3.4%), an increase in the maximum taxable earnings limit from $168,000 to $176,100, and ...
Social Security is a crucial income source that many retirees rely on pretty heavily to help them make ends meet. While these benefits only replace around 40% of pre-retirement income, they are ...
The maximum possible benefit is $5,108 per month for those who delay claiming Social Security until age 70. Opting to take your benefits at 62 reduces the maximum to $2,831, while waiting until the ...
On Tuesday, the Bureau of Labor Statistics showed that the consumer price index, or CPI, rose 2.7% in July. That inflation rate was the same as June’s, and the reading came in slightly lower than ...
Social Security beneficiaries would welcome extra money in the bank from a COLA hike. But some might only be looking at $50 a month or less extra.
In addition to a monthly newsletter covering retirement planning regulations, IRA advisers Ed Slott and Co. also offer an ...
The official COLA is still two months away, but July's inflation data has led multiple experts to the same prediction.
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