Social Security COLA: What's Working, What's Not

Faculty Member Michael Finke Landscape Photo
ThinkAdvisor
January 12, 2021

Social Security is becoming a more and more important resource in retirement planning, but with the government’s trust fund due to run dry in the next few years without drastic action, new actions may be coming down the road. Specifically, some experts are looking at changes to cost of living adjustments (COLA) in Social Security payments as an alternative to raising taxes or reducing payment amounts.

WMCP® Program Director Michael Finke discusses the benefits and drawbacks of these possibilities and more in this piece from ThinkAdvisor.

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