6 Things All Retirees Need to Know About Social Security COLAs

Are you a retiree already collecting Social Security benefits? Maybe you're about to become one? Whatever the case, even though the program's monthly payments aren't enormous -- averaging just a bit less than $2,000 at this time -- most everyone can certainly use this money these days after a painful spate of inflation.And that raises an important question for current and future retirees: How does Social Security help seniors contend with ever-rising prices? The program implements regular cost-of living-adjustments (COLAs), that's how.Here's everything you need to know about COLAs.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool