I'm Not Counting on Social Security COLAs to Carry Me Through Retirement. Here's What I'm Doing to Combat Inflation Instead.

Millions of older adults look forward to the Social Security cost-of-living adjustment (COLA) each year. The COLA is an annual raise that helps benefits keep up with rising costs, and for those who depend heavily on Social Security in retirement, it can go a long way.In 2025, beneficiaries received a 2.5% increase. With the average retiree receiving around $2,000 per month, according to April 2025 data from the Social Security Administration, that amounts to a bonus of around $50 per month.However, there are some serious issues with the COLA, and it hasn't been as dependable in recent years. Here's why I'm not counting on these adjustments by the time I'm ready to take Social Security -- and what I'm doing instead to prepare.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool