Seniors May Be Seeing Insufficient Increases in Social Security Benefits

Social Security is essential income for many senior citizens. As part of the program, cost-of-living adjustments (COLAs) are made on an annual basis. Each year, the COLA for Social Security benefits is calculated using the Consumer Price Index (CPI). However, some recipients feel that the CPI doesn’t accurately reflect the cost-of-living increases they deal with every year.…

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New Company Aims To Help Retirees Make the Most of Benefits

A recently released survey shows that a large percentage of people over 55 claim to be pretty confident about their decision-making in regards to benefit claims. According to the same survey, however, only 5% of those people could answer crucial questions about Social Security. This survey was financed by Financial Engines, which offers strategy advice…

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