Strategies for Lack of COLA in 2016

Without a COLA this year, some people may need to adjust their spending. Although inflation was 0% for the past year, it was mainly due to the decline in energy prices. Other costs were up however, including food, shelter and medical care, so cutting back on spending in these areas might be one way to…

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No Benefit Increase But Premiums May Rise

There will be no cost-of-living-adjustment for 2016 for the millions of Social Security recipients, disabled veterans and federal retirees for the third time since 2010. The government said that inflation is being pulled down by lower gasoline prices resulting in the flat COLA. The COLA is based on a government measure of inflation and more…

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