Browsing Tag
Cost-of-Living-Adjustment (COLA)
113 posts
The cost-of-living adjustments (COLAs) for Social Security are a key feature designed to help benefits keep pace with inflation. See below for the link to 401(k) Specialists COLA page for a comprehensive history and explanation of how they came to be and how they work.
Social Security Cost of Living Adjustment (COLA)
Inflation Moderating, But Will Social Security Recipients Catch Up?
New analysis from The Senior Citizens League finds the average Social Security benefit has fallen short of inflation by more than $1,050 since the start of the pandemic
2023 Changes to 401(k), HSA Contribution Limits and a Historic Social Security COLA
The New Year means new annual contribution limits for various retirement plans take effect, as well as an 8.7% Social Security raise
2022 Social Security COLA Falling Well Short of Inflation
Average monthly benefit check trails inflation rate by 46%, The Senior Citizens League reports
Social Security Updates Website: What’s New
Reimagined website launched this week prioritizes customer experience, adds benefit eligibility screener
What They’re Saying: Reaction to Today’s 8.7% Social Security COLA Announcement
The raise is historic, but reaction focuses largely on how the cost-of-living adjustment is calculated
Historic 8.7% Social Security COLA Finalized for 2023
Rising inflation causes highest raise in monthly benefits since 1981; will bump average monthly benefit check by more than $140
Medicare Part B Premiums Will Decrease in 2023: CMS
Rare occurrence is good news for Social Security beneficiaries; President Biden to speak on Medicare and Social Security today
Final 2023 Social Security COLA Estimate Before the Real Thing: 8.7%
The Senior Citizens League’s final projection is down nearly 1% from its previous estimate as new CPI data shows inflation continues to slow. The official 2023 cost-of-living adjustment will be released Oct. 13
New Bill Seeks to Abolish Tax on Social Security Benefits
House legislation proposed by Rep. Angie Craig (D-MN) would pay for the change by raising cap on payroll taxes
Latest 2023 Social Security COLA Estimate Drops
Today’s July Consumer Price Index report leads The Senior Citizens League to lower its latest cost of living adjustment estimate back into single digits, but it would still be biggest increase since 1981