The Social Security Administration (SSA) has announced that Social Security and SSI
beneficiaries will receive a 1.5% cost-of-living (COLA) adjustment for 2014.
According to the SSA's announcement, after the COLA adjustment, the estimated
average retirement benefit will rise from $1,275 in 2013 to $1,294 in 2014.
Candy is the president and former lead financial planner of Candy J. Lee Financial Planning and Money Management which she founded in 1992, until she retired from providing financial planning and investment advice to individuals June 1, 2016.