Let’s say when you retire in 2018 you are earning $50,000 and through prudent saving and investing you have accumulated $1,000,000 in retirement savings. Using
Tag: saving for retirement
What Trustees predict for future Social Security COLAs
Most retired seniors are wishing for a large 2019 Social Security COLA and perhaps larger ones in the future. Keeping up with inflation is a
June update on 2019 Social Security COLA ⬆️. Heading toward 3%, but we’ll see
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 3.1 percent over the last 12 months to an index level of
2018 Social Security Trustees Report shows declining fiscal state of the trust.
For the 75-year projection period, the actuarial deficit is 2.84 percent of taxable payroll, increased from 2.83 percent of taxable payroll in last year’s report.
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