Don’t Panic Over Disappointing Social Security COLA, Advisors Say
The recently announced 2.5% Social Security COLA increase for 2025, translating to about $48 extra per month for the average retiree, has left many feeling the strain, especially as Medicare premiums rise.
SEIA Financial Advisor, Jared Chase points out that while inflation is cooling, essential expenses like healthcare, housing, and utilities remain elevated, putting pressure on household budgets.
Chase suggests retirees should consider rebalancing portfolios and exploring new income strategies but warns against making hasty decisions. “It’s crucial to strike a balance between meeting spending needs and preserving your nest egg for the long term.”
Read the full article on Financial Advisor Magazine here: https://www.fa-mag.com/news/don-t-panic-over-social-security-cola-decrease–advisors-say-79888.html?section=43
Third Party Site
The information being provided is strictly as a courtesy. When you link to any of the websites provided here, you are leaving this website. We make no representation as to the completeness or accuracy of information provided at these websites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information and programs made available through this website. When you access one of these websites, you are leaving our web site and assume total responsibility and risk for your use of the websites you are linking to.
Dated Material
Dated material presented here is available for historical and archival purposes only and does not represent the current market environment. Dated material should not be used to make investment decisions or be construed directly or indirectly, as an offer to buy or sell any securities mentioned. Past performance cannot guarantee future results.