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The 2025 Social Security COLA: How It’s Figured, How It Affects Your Clients
Thursday, October 17 at 4:00 PM ET/1:00 PM PT
The monthly inflation report is widely anticipated by everyone in the financial community. The October report is especially notable because it determines the following year’s cost-of-living adjustment (COLA) for Social Security benefits.
The Social Security COLA usually makes the headlines, reminding people that: A) Social Security is one of the few sources of retirement income that keeps up with inflation, and B) the inflation adjustment may not match retirees’ own experience of rising prices. However people feel about the COLA, whether grateful that it’s there or resentful that it’s not enough, it does provide an opportunity to talk to clients and prospects about how they can maximize their Social Security income and get the rest of their financial affairs in order.
In this webinar we will talk about how the COLA is figured and what it means for your clients’ Social Security checks. We will answer the following questions and more:
- What is the exact formula for calculating the COLA?
- Do I need to claim my benefit to get the COLA?
- Are spousal and survivor benefits raised by the COLA?
- How will future benefits for Gen X and Millennials keep up with inflation?
- How can I maximize my COLA?
Presenter:
Your workshop will be led by Elaine Floyd, CFP®, Horsesmouth’s Director of Retirement and Life Planning. Elaine is the author of The Financial Advisor’s Guide to Savvy Social Security Planning and The Financial Advisor’s Guide to Savvy Medicare Planning. She is often quoted in leading publications including the Wall Street Journal, Kiplinger’s Retirement Report, Marketwatch’s Retirement Weekly and other publications.
