Cola Changes in 2023What is COLA and why is it important? The cost of living adjustment, or COLA, is a social security benefit that fluctuates with inflation. It ensures that retirees can live comfortably instead of living paycheck to paycheck. The big changes in 2023. A visit to the grocery store in the last 6 months will reveal a large increase in the cost of basic groceries like bread, milk, rice, and butter. With a 6.3% inflation rate in 2022, that is the highest it has ever been in over a century. Due to this, COLA benefits are the highest they've ever been, increasing by 8.7%. To read more about COLA changes in 2023 you can read about here: If you are interested in learning more about your social security benefits, you can also contact us!
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Customers and I text all of the time. Usually for fun and friendliness. However, I often get serious questions via text/sms. Last night a Medicare client sent me this text.
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