A few blogs ago I wrote about treating my family to lunch with my savings at the pump. While this is something to cheer about, if you are already retired, you may not be cheering.
For just the 3rd time in 40 years there will be no increase in your Social Security check. Blame this on the savings at the pump. COLA calculations for the past year indicate that inflation has not increased, therefore, no increase in your Social Security. To make matters worse, your health care costs may increase. Medicare part B premiums are deducted directly from your Social Security and while there is no COLA increase, heath care is not part of the COLA calculation.
Here’s hoping that gas prices go up?

disclosures:http://www.hechteffect.net/?page_id=31