For decades, Social Security’s cost-of-living adjustments (COLAs) have helped retirees keep pace with inflation. These annual increases ensure monthly checks don’t lose too much value as prices rise. But new proposals suggest that COLAs could be reduced—or in some cases eliminated—after next year. For millions of seniors, that means their benefits may no longer stretch as far. Before this change takes effect, here are the key questions you need to ask to prepare.
