Forget the COLA. Here's the Social Security Increase You Should Care About.
Many seniors focus on the COLA, but there's another increase that will make a bigger difference for their finances.
Overview
Each year, many current and future Social Security beneficiaries wait eagerly for news of the Social Security cost-of-living adjustment (COLA). In most years, a COLA results in an increase to monthly Social Security payments.
While this number can impact seniors' finances, it's actually not the increase that most people should focus on. Instead, there's a much more meaningful one that could affect retirees' finances in profound ways. This is the increase retirees should focus on earning if they can.
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Originally published at www.fool.com.
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