Prepare Retirees for a 0% COLA in 2010
Jun 1, 2009
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By Elaine Floyd, CFP ®
Last year's 5.8% rise in COLA was a nice bump for Social Security recipients. Unfortunately, they may have to live with it for another three years. The worst part for high-income retirees is a quirk in the law that raises their Medicare premiums. Here's what to watch for and how to plan.