10% Social Security COLA in 2023?  We Will See!

Close up of a social security benefits application form

Once in a while, times like this offer us a glimmer of hope – a silver lining, if you will. And right now, that silver lining is in the form of a potentially impressive COLA on Social Security benefit. 

Social Security Reform Bill Has Tough Hurdles to Overcome

Close up of a tax form and social security cards

I am regularly asked by folks how I feel about the future state of Social Security. The answer to this question is particularly important for those approaching retirement within the next 5-10 years, because time is simply not on their side if their anticipated benefits are cut.

The State of Retirement in America

retirement factors

In addition to COVID, there are other factors causing folks to re-think retirement. So, this week, I’d like to discuss a few of these to help you understand key challenges to a successful retirement.