We can’t control what others do and we can’t stop misfortune from striking. But we can control our own actions. Those who are financially prudent will most likely enjoy success, even if events don’t always go their way.
As of now, based on the CPI-W for December 2022 a 2024 COLA would be 0 % Don’t panic‼️
That assumes the CPI-W for July, August and September 2023 is no higher than December at 291.051. On the other hand the CPI-W has been declining since October. Keep in mind that the 2024 COLA will be measured off the highest average CPI-W in many years.
Lower inflation is a good thing and I don’t think retirees should plan on a COLA near the 8.7% for 2023.
QUINNSCOMMENTARY 