Chasing the Social Security COLA

No images? Click here   By Elizabeth O'Brien | July 16, 2023 Inflation continues to cool, yet the projected Social Security COLA for 2024 ticked up to 3% from an estimated 2.7% last month. Chalk it up to fluctuating prices—inflation has been volatile over the past year, says Mary Johnson, the analyst who makes the projections for The Senior Citizens League. She said she wouldn’t be surprised if her estimate dips again in the months before the Social Security Administration announces the official cost-of-living adjustment in October. Whether it’s 2.7%, 3% or something else, suffice it to say the raise won’t be enough for many Social Security recipients. Prices remain high, and despite the historic COLA of 8.7% this year, many older adults are still trying to catch up after last year’s steep increases to everything from groceries to gas. Learn more about the COLA calculation—and how Medicare premiums play a role—in today’s edition. Projected Social Security Raise Gets a Tiny Bump After Latest CPI Data     40 Picks for the Rest of the Year, According to Our Roundtable Pros Artificial intelligence drove many of the stock market's gains in the first half of the year. What will lead in the second half?  Inflation Rarely Falls This Fast. That's Good News for the Stock Market. Some pros think the recession is already over.  The 10 Best Income Plays for the Second Half of 2023 There are many attractive options—here's where to look.  Don't Cling to Cash Check out these other low-risk investments. A Will Can Split a Family. Here's How to Avoid the Hurt. Communication is key.   More Barron's Retirement Coverage       A Retirement Readiness Checklist  (Morningstar) Lawmakers Consider Tax Hikes to Shore Up Social Security (CNBC)   *** Stay on top of the tech trade with a daily rundown of top-performing tech stocks and the big names making news. Sign up for the Tech Report newsletter by Investor's Business Daily here.      Social Security   Medicare   Required Minimum Distribution calculator   Getting Ready to Retire? Here's a Planning Guide for the 5 Years Before Your Last Day.   Finra's Guide to Social Isolation and the Risk of Investment Fraud   The SEC's Guide to Identity Theft, Data Breaches, and Your Investment Accounts           This mailing was sent to aymentanaze.news@blogger.com,  because you signed up to be a Barron's newsletter subscriber. Manage Email Preferences | Privacy Notice | Cookie Notice | Contact Us Barron's | 1211 Avenue of the Americas | New York, NY 10036 ©2023 Dow Jones & Company, Inc. All Rights Reserved .         Unsubscribe