Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|Social Security's Inadequate Cost-of-Living Adjustments|
Sept. 29, 2021
"(COLA) in place to reduce the impact of inflation on retirees' benefits, this is not usually enough to maintain the purchasing power you have had all along.... Although there have been calls to change the way the COLA is calculated, the COLA and Social Security benefits often cannot be relied upon to fund the lifestyle most retirees aim to achieve after retiring."
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