cost of living adjustment

(AP Photo/Jacquelyn Martin)FILE - In this Nov. 15, 2017, file photo, new $1 bills are cut and stacked at the Bureau of Engraving and Printing in Washington. It would be the token of all tokens: a $1 trillion coin, minted by the U.S. government, then cashed in to flood the treasury with cash and solve a political impasse over suspending the debt limit. The idea is getting some attention in Washington as an Oct. 18 deadline approaches, with Democrats and Republicans deadlocked over how to stave off an unprecedented credit default.  (AP Photo/Jacquelyn Martin, File)

Inflation, debt, retirement: A bad mix

In case you hadn’t noticed, inflation is at a 20 year high. And this may be the new normal, according to some experts. That’s the not-so-good news.

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(AP Photo/Jenny Kane)This Tuesday, Oct. 12, 2021, photo shows a Social Security card in Tigard, Ore.  Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic.  (AP Photo/Jenny Kane)

Social Security checks getting big boost as inflation rises

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(AP Photo/Elise Amendola)credit cards

FERS + Debt + Retirement = Very bad idea!

Retirement with debt is a bad idea, especially if you are under the FERS program with its diet-COLA formula.

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A quick COLA catch-up

Consumer prices are going up and up, which is a good sign if you’re hoping for a high cost of living adjustment next January.

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(Getty Images/iStockphoto/Lucky7trader)White piggy bank on the car, Money-saving concept for insurance, or traveling during retirement.

Will the super COLA pump up the pay raise?

With the 2022 retire cost of living adjustment heading for record territory, many working feds wonder if an inflation-driven boost for retirees will influence their pay raise.

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