I'm Not Counting on Social Security COLAs to Carry Me Through Retirement. Here's What I'm Doing to Combat Inflation Instead

One of Social Security's best features is that its benefits are adjusted for inflation annually -- via cost-of-living adjustments (COLAs). So if you're collecting $2,000 per month now, you won't be collecting $2,000 in 20 years -- it might be more like $3,000 or $3,500 or $4,000. That can keep your purchasing power from shrinking too much.Still, I myself am not counting on COLAs to fully protect me from inflation, and I'll soon explain why. In fact, I'm not counting on Social Security to provide most of my retirement income.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool