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Since 1975, the Social Security Administration has adjusted Social Security payments on an annual basis to ensure benefits keep pace with inflation. These annual increases are called the Cost of Living Adjustment, or COLA.
The Social Security COLA for 2023 was 8.7%. That was the highest annual in
You're finally ready to enjoy your golden years. After working hard for decades, you recently retired, and you're trying to navigate your next chapter. Money is, of course, a huge part of that, as...