If you're getting ready to retire, you likely have a lot of questions about the best time to claim Social Security. If you're among the younger generation (Millennials/GenX), your main question might be - when will Social Security run out of money?Both of these are legitimate questions. It's probably safe to say that even those ready to begin taking their benefit might be … [Read more...] about When Will Social Security Run Out of Money?
The question, what are Social Security COLAs (cost of living adjustments) comes up a lot. The equally common problem is, how are they calculated?In this post, I’ll answer these two questions and give some background on how these two things impact Social Security benefit checks.To get it from the horse’s mouth, I went to this Social Security website page, Cost-of-Living … [Read more...] about What Are Social Security COLAs and How Are They Calculated?