Why You Can't Count on Social Security COLAs in Retirement -- and What to Do Instead

At this point, we're only a few days away from a 2025 Social Security cost-of-living adjustment (COLA) announcement. And if you're someone who gets the bulk of your senior income from Social Security, you may be eager to know how much your monthly benefits will increase in the new year.But being reliant on Social Security COLAs is not a great way to function in retirement. In fact, you should know that while those COLAs are designed to help seniors maintain their buying power as inflation drives the cost of living upward, they often fail miserably.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool