Social Security COLA 2024: What to Do With the Extra Money

Social Security COLA 2024: What to Do With the Extra Money

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If you’re retired and receiving Social Security benefits, you may be aware that your income and expenses could change in the coming months. Each year, the Social Security Administration typically adjusts the checks that are sent to beneficiaries, with the goal of accommodating price changes and inflation. The cost-of-living adjustment, or COLA, is typically announced in October and implemented in January.

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