Social Security Cost-of-Living Increase

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The Motley Fool

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Business

Business & Economics

I'm Not Counting on Social Security COLAs to Carry Me Through Retirement. Here's What I'm Doing to Combat Inflation Instead.

Summary

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75% Informative

Social Security's cost-of-living adjustment (COLA) for 2025 has been announced.

With interest rates finally at least at least a little higher, the trade-off for owning markedly more fixed income and fewer equities isn't worth it any longer.

The Coca-Cola Company (NYSE: KO) and Procter & Gamble offer above-average yields of 3% and 2.2% , respectively.

In retirement, converting your traditional IRA to a Roth IRA could be a way to conserve cash.

Roth IRAs work in the opposite way; contributions aren't tax-deductible as they're being made, but when money comes out of Roth accounts in retirement, it comes out tax-free.

The only catch is that you must pay taxes on all of this money the year in which it's converted.

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informal

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English

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