The 2021 cost of living adjustment was recently announced by the SSA as 1.3%. But what does this mean for clients?
COLA has always seemed straightforward to me in terms of benefit calculations. After working at LifeYield for 3+ years, this actually couldn’t be further from the truth.
While studying recently for my Social Security Claiming Strategies certification, I discovered a few caveats regarding COLA and Social Security benefits that I felt could really benefit our clients. Here’s the recap.