Term of the Day: Cost Of Living Adjustment - COLA

TERM OF THE DAY - OCTOBER 20, 2011 Add Investopedia to Safe Sender List Find Investopedia on Cost Of Living Adjustment - COLA What Does it Mean? An adjustment made to Social Security and supplemental security income in order to adjust benefits to counteract the effects of inflation. COLAs are generally equal to the percentage increase in the consumer price index for urban wage earners and clerical workers (CPI-W) for a specific period. Investopedia Says... For example, if Kevin received $10,000 last year for Social Security benefits and COLAs for this year were 4.1%, then his benefits for this year would be $10,410. During... Read more » TODAY'S NEWSLETTER IS SPONSORED BY: Slideshow - 5 Tax(ing) Retirement Mistakes Avoiding these five common tax mistakes can really pay off on your way to retirement  View the Slideshow » Special Feature - Financial Planning Financial planning is about more than money, get an inside look at the mindset of a planner, being a client, and finding the right financial advisor. Click here for more. Related Terms Constant Dollar Consumer Price Index - CPI Cost of Living Inflation Integrated Pension Plan See More » Related Links Maximize Your Social Security Benefits Top 6 Myths About Social Security Benefits Common Risks That Can Ruin Your Retirement See More » Find Term Of The day Useful? Check out our other FREE newsletters! Stock Watch Weekly Forex Weekly News To Use Warren Buffett Watch Investing Basics The Chart Advisor Report Professionals in the Money You are currently subscribed to term-of-the-day as: newsforward@autoforextradingpro.com To unsubscribe or change your email settings, please click here. Copyright © 2011 - All rights reserved. Investopedia ULC.