Quantcast
Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Thank you for selecting your broker
We are redirecting you to the Broker Center now
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Thank you for your submission, we hope you enjoy your experience
ALERT

Railroad Monopoly Replaces 2016's Top Performer on the Best Dividend Stocks List

Dividend logo

When you’re working, every year or so, you tend to get pay raises from your employers. When you’re retired, you’re forced to give yourself a raise to help combat rising inflation and prices. Unfortunately, for those retirees or those workers about to enter retirement, the raise they are getting is hardly worth noticing. That’s because one of the main income sources in retirement – social security – says there’s no inflation.

(Dividend.com’s How to Retire section has all the analysis you need to know about living a happy and financially secure retirement.)

Dubbed the cost-of-living adjustment or COLA, this increase in monthly benefits is designed to help the elderly and the poor keep up with the rising standard of living. The problem is that the formula designed to calculate that COLA has been muted at best.

This is in spite of the fact that food, clothing, energy, insurance and healthcare have actually gone up in the last few months.

For those relying on social security, the lack of an adjustment is a hard bill to swallow. For those with the luxury of having investments, there are ways to get around the smaller can of COLA next year.

To read the Full Story, Go Premium or Log In

Popular Articles

Best Online Brokers

At Dividend.com a large portion of our readership is of a discerning, self-directed nature. As...

Premium Shutterstock 531195661
News

The Market Wrap for December 9: Quitaly? What Quitaly?

This week had the potential to be a real bummer for investors. Looking forward, we have a Federal...

News

Trending: Key Management Departure at Teva; Booming Oil Prices

Dividend.com analyzes the search patterns of our visitors each week. By sharing these trends with...