The Cost of Retirement Isn’t Rising?


Posted in: Economics, General, Stock Market, Thought of the Week

Our Chief Strategist, Mike Sorrentino, wrote an article that addresses the decision by the U.S. government to not give a Cost of Living Adjustment (COLA) in 2016 to 65 million Social Security recipients. As Mike states, Congress has sided with the Fed in this war on seniors and savers, and their combined policies have changed the way retirees should approach their golden years. This serves as a reminder to all investors that managing your retirement continues to face new challenges, but the good news is that it can still be done as long as your strategy evolves with the changing landscape. Please take a moment to read the article by Mike to get more familiar with the COLA for Social Security and how it affects everyone.

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As an Investment Advisory Representative working in conjunction with Global Financial Private Capital (GFPC) we are provided weekly thoughts on what is happening in the economy and the market. Written by our investment committee at GFPC we find these thoughts to be informative and interesting.