This article from Yahoo! Finance, written by Nicole Spector, discusses the financial struggles of retirees in 2024. It highlights that less than half feel they have enough savings, and many are facing higher-than-expected expenses with limited Medicare coverage. Social Security benefits can provide some relief.
Russell E. Gaiser III shares his insights that the next president will not affect the 2025 Social Security adjustments, “The president does not factor into this number; whoever is in office has no impact on COLA unless their policy decisions directly lead to higher or lower inflation,” Gaiser III said. You can read the full article here.
Learn more about Russ Gaiser III, Certified Financial Planner™**.
