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Tag: COLA

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If you’re one of America’s 64 million Social Security beneficiaries, you might want to prepare yourself for a significant pay raise.   According to the Social Security Administration, the annual cost-of-living (COLA) benefits increase starts with the year you turn 62, and the COLA increase announced in October was 5.9%. Continued inflationary pressure as the […]Continue reading

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By admin

The Social Security Administration (SSA) recently announced that the annual cost-of-living adjustment (COLA) for benefits would be 1.3%. Here’s a closer look at some of the most significant changes affecting Social Security recipients in 2021.   Social Security checks will increase slightly. For the average retired worker, the monthly Social Security benefit will rise by $20 […]Continue reading

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