social security cola adjustments

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johngcookie
Posts: 2
Joined: Sat Feb 07, 2015 9:59 pm

social security cola adjustments

Post by johngcookie »

I have entered my current social security amount in the "additional inputs," and then "track inflation." When I run the simulation, the social security payment doesn't change from year to year. I tried putting in a 2.5% COLA, but that doesn't work either. Is there something I'm missing. Thanks.

jimr
Posts: 596
Joined: Thu Feb 28, 2008 6:48 pm

Re: social security cola adjustments

Post by jimr »

The planner shows all dollar amounts in 'today's value' dollars. So the fact that the amount doesn't change indicates it's keeping up with inflation.

For a test, you could try setting it up as NO COLA and you'd see the amount shrink over time, which represents the diminishing purchasing power of a no cola cash flow.

johngcookie
Posts: 2
Joined: Sat Feb 07, 2015 9:59 pm

Re: social security cola adjustments

Post by johngcookie »

That's cool. Thanks!

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