Social Security Announces Lowest Cost of Living Adjustment in Four Years

October 16, 2024 00:06:50
Social Security Announces Lowest Cost of Living Adjustment in Four Years
Retirement Results
Social Security Announces Lowest Cost of Living Adjustment in Four Years

Oct 16 2024 | 00:06:50

/

Show Notes

GUEST: Jenn Jones, VP of Government Affairs, AARP
 
TOPIC: Each year the Social Security Administration announces the cost-of-living adjustment (COLA) for the upcoming year. Last week, leaders announced a 2.5% COLA for 2025. That is smaller than recent years – attributable to slowing inflation.
 
COLA increases are meant to offset rising prices including food, gas and living expenses. This year, retirees on a fixed income have struggled to keep up with inflation and the 2025 COLA is expected to provide some relief.
 
 

Get Your Complimentary Retirement Plan Today: RetirementResults.com/plan

Call Retirement Results at 1-888-814-0304

Connect with Ford: [email protected]

Listen to Previous Episodes: https://retirementresults.com/podcasts/

Subscribe to our YouTube Page: https://www.youtube.com/@RetirementResults 

About Retirement Results:
Welcome to Retirement Results! Each week, Ford Stokes and his team of fiduciary advisors help educate pre-retirees, retirees and business owners on ways to better protect and grow their hard-earned money.

With $34 Trillion in national debt and counting, Ford and many other economists believe that taxes are likely to increase in the future, affecting retirees for decades to come. Ford and his team will help you build a smart plan that is TAX-efficient, FEE-efficient and MARKET-efficient.

Other Episodes

Episode

November 22, 2024 00:50:11
Episode Cover

Protecting Your Retirement from Inflation & Solving Problems for Our Listeners

Ford Stokes & Sam Davis shine a spotlight on inflation in this week’s episode. Plus, we have a bunch of new “problem solvers” to...

Listen

Episode 145

September 30, 2022 00:48:00
Episode Cover

Nine Ways to Live a Comfortable Retirement

Ford explains nine strategies that will help you live comfortably during retirement. He will also answer some of your biggest questions about annuities. It’s...

Listen

Episode

May 14, 2022 00:46:35
Episode Cover

How to Outlast an Economic Downturn with Your Retirement Plan

It’s essential not to make emotional decisions during a time of economic volatility. The key to a successful retirement is sticking to a tested...

Listen