What Are COLAs and How Do They Affect Retirement

If you are currently receiving Social Security or you are considering how Social Security might factor into your retirement plan, it’s important for you to understand what COLA stands for. You may have seen the acronym in various information about Social Security, and you may have wondered what it meant. Well, let’s answer your questions […]
Prepare for Social Security with the Basics

Social Security is an important source of retirement funds for many people in the United States; as of September 2022, over 70 million people were in receipt of these benefits.[1] Many people are not aware of how or when to begin utilizing this source of income. As you age and come closer to retirement, the […]
The Social Security Administration Announces 2021 COLA
Smart Advice. Simply. Clearly. The Social Security Administration Announces 2021 COLA What you should know about the most recent cost-of-living adjustment. Provided by Hilltop Wealth Solutions On October 13, 2020, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 1.3 percent cost-of-living adjustment (COLA) for 2021. This adjustment will begin […]