The average Social Security benefit at age 66 and the announcement of Social Security’s Cost-of-Living Adjustment (COLA) are two key topics in this news article. Firstly, the article discusses the average benefit that individuals receive from Social Security when they turn 66. This information is crucial for those planning their retirement finances and highlights the importance of understanding one’s expected Social Security income. The average benefit serves as a benchmark for individuals to gauge how much they might be entitled to.
Secondly, the article highlights the anticipation surrounding the announcement of Social Security’s COLA. The COLA is an adjustment made to Social Security benefits each year to account for inflation and rising costs of living. The timing of this announcement is crucial as it impacts the financial plans of Social Security recipients. The article emphasizes the significance of this information for individuals who rely on Social Security benefits and need to make necessary adjustments to their budgets.
In addition to Social Security news, the article briefly touches on investment opportunities. It mentions two growth stocks that Wall Street predicts will soar by 93% and 127%. This information may be of interest to investors looking for potential opportunities in the market. The inclusion of dividend stocks that can generate passive income for a lifetime also provides readers with an alternative income source to consider.
Overall, this article covers various aspects related to financial planning, including Social Security benefits, cost-of-living adjustments, and investment opportunities. It aims to provide readers with valuable information on retirement finances and potential avenues for generating income.
