2024 COLA Trend: Inflation at 4% and Next COLA Projection Going Down
The 2023 COLA payments that started in January reflected an 8.7% increase. What about the 2024 COLA?
The 2023 COLA payments that started in January reflected an 8.7% increase. What about the 2024 COLA?
A new survey indicates the deleterious effects high inflation is having on Americans’ savings and retirement plans.
The inflation rate is continuing to slowly go down. Here is how the 2024 COLA calculations look after the April inflation report was released.
These are some things federal employees can do to help protect their retirement savings from inflation.
The first quarter of 2023 is behind us; inflation and the stock market are both up. What does this mean for federal employees going forward?
Inflation was raging in 1980 and again in 2022. How the government measures inflation has changed, and you will be amazed at the difference.
2024 COLA predictions for federal retirees and Social Security recipients suggest it will be considerably less than the 8.7% rate from last year.
In the midst of financial turmoil, the February inflation rate has been released. Inflation is still a problem but the impact of the turmoil remains to be seen.
Federal employees must understand how to utilize all the parts of their retirement benefits to maximize their retirement income.
The 2023 inflation rate will impact next year’s COLA and TSP balances. Here is the latest information on 2023 inflation and the 2024 COLA.