Why High COLAs are Not a Good Thing
FedImpact: Candid Insights for Your Federal Retirement · Chris Kowalik - ProFeds
May 10, 202222m 32s
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Show Notes
ProFeds Founder, Chris Kowalik, reveals why high COLAs actually mean less money in the pockets of federal retirees.
Key takeaways:
- How the Cost of Living Adjustments are calculated
- When COLAs are announced each year and when they go into effect
- Why high COLAs aren't considered "good" when you know what it actually means
- The real consequences of high COLAs and the spiral effect it can have on your retirement assets