SOCIAL SECURITY’S BIG BLOW IN 2024!
Attention all retirees! Brace yourself for some devastating news about your Social Security benefits. It has been announced that the Cost-of-Living Adjustment (COLA) will be missing its silver lining in 2024. That’s right folks, no increase in your benefits next year!
But what does this mean for retirees who heavily rely on their Social Security checks to make ends meet? Well, it’s not good news. With the rising cost of living, many are already struggling to cover their expenses. And now, they’ll have to face yet another year without any additional financial support.
Magnificent S&P 500 Dividend Stock Down 20% to Buy and Hold Forever
In the midst of this gloomy news, there is a glimmer of hope for investors. There is a magnificent S&P 500 dividend stock that has taken a 20% hit. But trust us, this is a golden opportunity! Experts believe that this stock is worth buying and holding onto forever. So, if you’re looking to make some smart investment moves, this is definitely one to consider.
A Bull Market Is Coming: 2 Magnificent Stock-Split Growth Stocks That Could Soar 40% and 51%, According to Wall Street
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The Social Security COLA Countdown Is On: Here’s How Much Your Increase Is Likely Going to Be
Now, let’s get back to the not-so-great news about your Social Security benefits. While there won’t be a COLA increase in 2024, you might get a little something next year. Experts estimate that the increase will be around 5.3%. It might not be much, but hey, every little bit helps, right?
So, what are you going to do now that your Social Security benefits won’t be increasing as expected? Are you going to tighten your belt even more? Or are you going to take matters into your own hands and explore other investment options? Leave a comment below and let us know what you think!
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