With 2024 Halfway Done, It's Never Too Early to Think About the 2025 Social Security COLA -- but Manage Your Expectations

The halfway point of any year is a good time to reflect on how the year has gone so far and what you can do in the second half to better position yourself financially. One aspect of your finances that's never too early to think about is your Social Security check.Social Security is a key part of millions of retirees' finances, so knowing just how much to expect from it is crucial for effective financial planning. Although Social Security's official cost-of-living adjustment (COLA) data doesn't come out until October, there are educated estimates that can provide insight and help you get a jump-start on your planning.The Senior Citizens League (TSCL), a senior advocacy group, recently updated its COLA projection, but retirees may want to manage their expectations.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Zum vollständigen Artikel