FYI: (This is a follow-up article.)
A 2.8 percent cost of living adjustment (COLA) announced by the Social Security Administration yesterday is welcome, but not enough to cover many retirees’ rising healthcare and housing costs, according to the AARP.
In addition, new AARP research shows that many Americans who begin taking Social Security benefits do so with minimal understanding or research and, after benefits commence, wish they had waited longer to make their claim so their benefit is larger.
Regards,
Ted
https://www.fa-mag.com/news/aarp--social-security-cola-hike-needed--but-not-enough-41335.html?print
