Worried Your 2027 Social Security COLA Won’t Be Enough? 3 Things to Do Now

When the Social Security Administration announced earlier this month that benefits will get a 3.6% cost-of-living adjustment, or COLA, in 2027, many people were no doubt relieved. But if you can't shake the nagging thought that a 3.6% COLA may not be enough come January, you're probably in good company there, too. The reality is that if Social Security is your primary source of retirement income, even a fairly large COLA may not help your finances so much on a broad level. If that's the case, now's the time to figure out a plan to improve your financial situation. And here are three things you can do immediately to that end. Image source: Getty Images.

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