I'm Not Counting on Social Security COLAs to Carry Me Through Retirement. Here's What I'm Doing to Combat Inflation Instead.

In theory, Social Security's regular cost-of-living adjustments (COLAs) offset the impact of inflation on retirees' benefits. In reality, however, it never seems to quite work out this way for the program's beneficiaries.The Senior Citizens League reckons that between 2010 and 2024, the average Social Security recipient's monthly buying power actually fell by $370. Blame seniors' higher healthcare costs, mostly.Rather than simply lamenting the unfairness of the matter, though, I'm taking actions now that will help me in the future and making plans that will matter when the time comes.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool