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It’s official: Social Security recipients are getting a 3.6 percent raise, thanks to an increase in the measurement of the cost of living. My 65-year-old, grumpy, accountant husband doesn’t think this is such great retirement planning news. He points out that Social Security recipients are faring better than savers. He says, “Normally, with 3.6 percent
It looks like there will be a Social Security cost of living adjustment, or COLA, in 2012 — positive retirement planning news for many. Bill McBride, a retired financial executive, blogs at CalculatedRiskBlog.com about economic trends. On Friday, he calculated the early line on Social Security COLAs and concluded that based on Friday’s report from
My husband was listening to some presidential campaign rhetoric this weekend and after hearing an especially unsettling speech, said maybe we should put our retirement planning on hold until after the 2012 election. I don’t think that’s necessary, but I do think that irresponsible political blather doesn’t bode well for anybody’s retirement. Texas Gov. Rick
As Congress struggles with ways to reduce the federal deficit, one of the approaches that appears to be among the most likely to be adopted is a revision in the way the Consumer Price Index is calculated. The CPI measures how much the cost of the things people buy is affected by inflation. The chained
