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Introduction One source of financial risk that older Americans face is high health care expenses. Although the largest share of these expenses is due to predictable insurance premiums, retirees can pay sizable additional out-of-pocket costs as well. Medicare and Medicaid help reduce this risk, but Medicare does not cover every expense… Continue reading How Muc…
The time has come to speculate about Social Security’s cost-of-living adjustment (COLA) for 2023. Automatic indexing of benefits to keep up with rising prices is a wonderful feature of our Social Security program. Since the COLA first affects benefits paid after Jan. 1, Social Security needs to have figures available before the end of 2022…
