Why High COLAs are Not a Good Thing

FedImpact: Candid Insights for Your Federal Retirement - A podcast by Chris Kowalik

Categories:

Business

ProFeds Founder, Chris Kowalik, reveals why high COLAs actually mean less money in the pockets of federal retirees. Key takeaways:

  • How the Cost of Living Adjustments are calculated
  • When COLAs are announced each year and when they go into effect
  • Why high COLAs aren’t considered “good” when you know what it actually means
  • The real consequences of high COLAs and the spiral effect it can have on your retirement assets

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