Prepare for a 0% Social Security COLA
Even if inflation remains FLAT, the cost of living adjustment announced in October will be 0%. Needless to say, there’s no way to know for certain what inflation is going to do this year and thus any predictions about the cost of living increases are just wild guesses. But there is a reason I want to go over this and it’s important. There is the possibility of something we haven’t had to deal with in a long time and for those who are recently retired, it could come as a shock. So today, I want to lay this out and get you thinking about the next steps.
– Explained by Devin Carroll, RSSA
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