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Maurie Backman

Inflation Report Resets 2027 Social Security COLA Estimate

For retirees on Social Security, October tends to be an important month. That’s when the Social Security Administration typically announces key changes to the program. These include the annual wage cap, the program’s maximum…

Maurie Backman · 4 months ago

Reasons to Use a Credit Card Over a Debit Card

Credit cards often get a bad reputation because they can easily generate debt due to overspending and high interest rates. However, when used responsibly, they can actually offer several advantages over debit cards. Credit…

Maurie Backman · 4 months ago

Hoping for a Larger Social Security COLA in 2027 Could Backfire

Millions of older Americans rely on Social Security to cover their costs. And thankfully, Social Security benefits are eligible for an annual cost-of-living adjustment, or COLA. Without COLAs, Social Security benefits would not be…

Maurie Backman · 4 months ago

April Jobs Report Resets Social Security COLA Forecast

Even though it’s only May, at this stage of the year, a lot of seniors are eager to know what next year’s Social Security cost-of-living adjustment (COLA) will amount to. Inflation has soared since…

Maurie Backman · 4 months ago