The lack of a cost-of-living increase for Social Security recipients in 2016 also means that the majority of Medicare beneficiaries will not have an increase in the Medicare Part B premiums this year.
Social Security recipients won’t get a raise in 2016, and some Medicare participants can expect to pay a much bigger bill.
If you are new to Medicare in 2016, a high earner or you filed and suspended your Social Security benefits, expect your Medicare Part B premium to skyrocket.
With no COLA coming in 2016 for Social Security recipients, budgeting becomes even more important for seniors on a fixed income.
The increase is modest, but the impact affects millions.
It looks like the 2015 COLA will be about 1.7 percent — bad news for Social Security recipients hoping for more.
Democratic supporters applaud Obama for putting an end to this unpopular proposal.
The final 2014 budget deal reduced cost-of-living adjustments for retired military who are younger than 62 by 1 percent. Can Social Security be far behind?
Do you think Social Security recipients deserve a bigger raise than 1.5 percent in 2014?
Yesterday’s election included a couple of victories for retirement planning.