Don't Panic Over Disappointing Social Security COLA, Advisors Say 

The Social Security Administration's announcement of a 2.5% cost-of-living adjustment (COLA) for next year, translating to an average increase of about $48 per month, may disappoint many retirees. CFP Board Ambassador Shashin Shah, CFP® suggests this might be an ideal time for retirees to rebalance their portfolios, focusing on short-term cash generation and budgeting for potential shortfalls over the next 24 to 36 months. 

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