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.
These behavioral traits lead to greater retirement savings, research finds. Yet only 10% of workers have them
People who find it easiest to financially prepare for retirement have