Update 10/11/2018: The Social Security COLA for 2019 has been announced as a 2.8% increase.
It’s once again the time of year that we are anticipating information about the Social Security COLA (cost of living adjustment) for 2019. So, this is more of a “heads up” rather than a “super saving tip” you might say, for the over 60 million Social Security recipients in the US and even those who have relocated abroad.
As per usual, we already do have some clues as to where we are heading. Although the final decision for COLA for 2019 won’t be announced for another six weeks or so, here’s what I foresee as to what will happen. Brace yourself for it because it may not be good news. Good news is often hard to find when it comes to COLA and cost of living calculations.Continue reading“Anticipating Social Security COLA 2019 – Where are we headed?”