Social Security recently released its 2024 Cost-of-Living Adjustment (COLA). Check out our video below to learn what that adjustment is heading into next year, how that figure came to be and how it compares to other increases over the last four decades.
The video concludes with a salient point - "Although any increase is welcome news, this year's COLA may still not be enough to keep those relying on Social Security from feeling inflation's bite." That will be especially true with Medicare Part B premiums increasing by nearly six percent next year.
These are just part of the discussions we have on a regular basis with our clients. We hope there's someone in your corner you can talk to along similar lines. If not, we urge you to reach out to our team today! You can get in touch...
via phone: (724)743-3301
via text: (724)888-5684
via email: themcnamarainvestmentgroup@janney.com
