14.09.2024 14:00:00

Some Retirees Won't Get to Keep All of Their 2025 Social Security Cost-of-Living Adjustment (COLA). Here's Why.

We're only about a month away from the 2025 Social Security cost-of-living adjustment (COLA) announcement. Many seniors feel that recent COLAs haven't helped their checks keep pace with inflation like they're supposed to, and next year's COLA probably won't do anything to change that. We don't know what it'll be yet, but current projections put it lower than the 3.2% bump recipients got last year.That's not the only troubling thing about next year's COLA, though. An often overlooked Social Security rule could force some seniors to give some of their checks back to the government. Here's how to know if it'll affect you.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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