Understanding Social Security's Cost-of-Living Adjustment (COLA): What Retirees Need to Know

Save your Retirement with Pat Strubbe

In this video, we dive into the concept of Social Security's cost-of-living adjustment (COLA) and its impact on retirees. We'll explain what COLA is, how it's determined by the Social Security Administration, and why it’s crucial for keeping up with rising costs. If you're curious about how COLA works and what to expect for Social Security in 2025, this discussion will provide the insights you need to feel more informed and in control of your retirement planning.