Annual Cost of Living Adjustment + Active vs Passive

The Social Security Administration is preparing to announce its annual cost-of-living adjustment (COLA). While this adjustment is designed to help retirees keep up with inflation, it rarely covers the true rising costs of healthcare, housing, and everyday expenses. For affluent retirees — those with $500,000 or more in savings — the timing and strategy of claiming Social Security benefits can have a huge impact on long-term income and retirement stability.Plus, a fun think fast segment to get to know more about Heidi Ardis and her team at Agape Wealth.In this episode, Heidi unpacks key retirement planning topics for listeners in Mississippi and surrounding areas. Discover practical strategies for retirement planning, including taxes, social security, long-term care, estate planning and dealing with what's going on in the market and economy.For more information about Heidi Ardis and the Agape Wealth team, visit https://agapewealth.com/