When Does Social Security's Big Raise Take Effect?
Retirees have most likely heard the news by now: They'll be receiving the largest Social Security cost of living adjustment (or COLA) in four decades. COLAs are designed to help ensure benefits keep pace with rising prices. Since inflation has run rampant over the past year, the Social Security administration announced a huge benefits increase.
If you're excited about this Social Security raise and wondering when it will come, here's your answer.
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Source Fool.com
