In this week's episode of the Last Paycheck Podcast, CFP Professionals Archie and Rob Hoxton delve into the recent announcement of the 2025 Social Security cost of living adjustment (COLA). Set at 2.5%, this figure has left many retirees concerned about its impact amidst rising prices. Archie and Rob discuss the calculation methods used by the Department of Labor, explaining how the Consumer Price Index for Urban Wage Earners (CPIW) determines these adjustments.

They emphasize that while Social Security COLAs are beneficial, they are not sufficient to fully hedge against inflation’s effects on retirees. They offer insights into delaying Social Security benefits for potentially higher payouts and address common concerns about the program’s solvency. Tune in to gain a clearer understanding of Social Security adjustments and practical advice on preparing for a financially secure retirement.

Call or text Hoxton Planning & Management: +1 (304) 876-2619 and visit their website www.hoxtonpm.com

Watch on YouTube: https://youtu.be/gOcVqf0j5sk

Listen in on conversations with CFP Professionals Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you.

Visit: http://www.thelastpaycheck.com

Last Paycheck contains general information that is not suitable for everyone and was prepared for informational purposes only. Nothing contained in the presentation should be construed as a solicitation to buy or sell any security or as an offer to provide investment advice. Archie and Rob are investment advisor representatives of Hoxton Planning and Management LLC, a registered investment advisor.