There will be a Cost-of-Living Adjustment (COLA) in 2015; perhaps not as much as might have been expected but an adjustment nonetheless. Retirees, individuals receiving Social Security
- Also Read: Working While Receiving Federal Retirement Benefits: A Comprehensive Comparison of Financial Impacts and Rules
- Also Read: HSA Strategy Guide Explained: Detailed Rules and Best Practices for Federal Employees Planning Long-Term Healthcare Costs
- Also Read: Income Guardrails in Federal Retirement: A Complete Guide to Protecting Savings and Controlling Withdrawals
The economy has still not recovered which means more and more Americans are looking for ways to manage their resources. The cost of everything we need to survive – housing, food, clothing, transportation, medical costs and child care – is steadily increasing. Retirement checks, Social Security checks and Veterans checks for disability just cannot keep up. Families are finding innovative ways to make ends meet. One familiar theme in the American culture today is generations of family members are sharing housing; thereby all other associated expenses.
Having grandparents in the home where there are small children saves on child care and provides a safe environment for the children allowing parents to work without the hassle of trying to make it to day care centers on time to avoid the extra late fees. Families in past times lived together and shared resources. History repeats itself and this is a time that that kind of history is worth repeating.
P. S. Always Remember to Share What You Know
Dianna Tafazoli
