The Part of Retirement COLA Was Never Designed to Cover

Quick Read Healthcare costs rose 6.91% over the past year while the 2.8% COLA adjustment covers only a fraction of that gap. Medicare premiums consumed over $40 of the $56 monthly COLA increase for retirees receiving $2,000 per month. Over a 20-year retirement annual shortfalls between COLA and actual costs compound to tens of thousands in lost purchasing power. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read mo ...