Understanding Social Security COLA

Many people count on Social Security as their main source of retirement income. They also rely on Medicare as the health insurance they will carry for the rest of their life. The two go hand-in-hand and sadly, too many people fail to understand how potential annual increases to Medicare, can drastically affect how much money is actually left after the insurance premium is deducted from the monthly benefit.  In this episode, Bill explains why that is the case and what you can do to protect yourself.