Tag Archives: COLA

2023 Social Security COLA Increase: Hammond Law Group Provides Estate Planning Tips for Retirees

News & Updates, , , , , , , , , , , Debra Holland

Colorado Springs, Colorado – As part of its unwavering commitment to retirees’ financial security, Hammond Law Group is pleased to offer crucial estate planning insights to ensure retirees can navigate these changes with confidence. Retirees across the nation depend on Social Security benefits for financial stability during their golden years. The annual COLA, such as … Continue reading 2023 Social Security COLA Increase: Hammond Law Group Provides Estate Planning Tips for Retirees →

Social Security Faces Potential Big COLA Increase for 2023

News & Updates, , , , , , Mellisa Scott

Tampa, FL (Law Firm Newswire) December 06, 2022 – Social Security retirement benefits are adjusted each year to keep pace with rising inflation. In 2023, record inflation rates may push Social Security benefits to their largest increase yet. The yearly adjustment to Social Security benefits is called a cost of living adjustment, or COLA. The … Continue reading Social Security Faces Potential Big COLA Increase for 2023 →

Preliminary Estimates Indicate the 2023 COLA May Be Significant

News & Updates, , , , , Cathy Ochoa

Tampa, FL (Law Firm Newswire) November 01, 2022 – Each year, the Social Security Administration, the federal agency tasked with administering Social Security benefits, reviews the monthly benefit payments made to recipients to determine whether they provide the same purchasing power as the year before. If the SSA determines that inflationary pressures reduced the purchasing … Continue reading Preliminary Estimates Indicate the 2023 COLA May Be Significant →