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Chat retirement strategies with AARP’s Jean Setzfand today, Oct. 24th, at 2:00 p.m. ET

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Social Security

What Would a Bad Budget Deal Mean For Your Social Security?

State-by-state analysis shows how much a last-minute budget deal could cost seniors

Proposal on the table: Change method of calculating cost of living adjustments (COLA)

Right now, the president and Congress are considering a last-minute budget deal that would cut Social Security benefits, taking thousands of dollars of retirement income away from current beneficiaries.  Moving to a chained consumer price index, would cut benefits by $127 billion over the next 10 years alone.
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