The good news
😁 We are on track for 2019 to provide the highest cost-of-living increase in Social Security benefits in quite some time
😃 The Medicare Trustees project no increase in the Medicare Part B premium or Part B deductible
The bad news
😔There is a reason for the higher COLA. Inflation is on the rise driven in part by rising oil prices which affect not only gasoline but many other oil related goods and services.
🙁 The amount of an actual net gain from a COLA is in doubt.
Lessons to learn
😢 You cannot plan a comfortable retirement relying primarily on Social Security
😢 You need your own income strategy to deal with inflation over many years