Provided by the Social Security Advisory team (SSAS) team on AMAC Foundation’s Social Security Report.

It’s almost amusing – media pundits grasp news about monthly inflation as early as the first quarter of each year and try to extrapolate the early data to predict a Cost of Living Adjustment (COLA) for the following year. It certainly provides something to write about but has little basis in reality for this reason: next year’s COLA is determined using inflation data from the 3rd quarter of the current year, so inflation rates in earlier months carry no weight in the computation of next year’s COLA. Nevertheless, early predictions may seem newsworthy, but it’s important to maintain perspective about the validity of those predictions and what the COLA measurement actually is.
Read the full story here:

The AMAC Foundation’s Social Security Advisory Service stands ready to assist (without a fee, of course). Simply call 1.888.750.2622, or email [email protected] for fast, accurate answers to your Social Security questions.

While you’re here, we have a small favor to ask… Support the AMAC Foundation.

Our 501(c)(3) powers the AMAC Foundation’s Senior Services, Senior and Veteran-related resources and needs, and our Social Security Advisory Services (SSAS). The SSAS team of nationally accredited advisors offers on-time, on-the-mark guidance for those approaching or receiving Social Security – at no cost.

Support us, so we can continue to support you!

Notice: The links provided above connect readers to the full content of the referenced information. The URLs (internet addresses) for these links are valid on the posted date; cannot guarantee the duration of the links’ validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc. or the AMAC Foundation, Inc. Providing linkage to external websites does not constitute endorsement of products or services advertised thereon.