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What Is a Social Security COLA and How Can It Affect Your Retirement Plan in 2025? | The Motley Fool
2025-05-01 17:45:03| Spiritual Career Counseling
When most of us retire, we'll be living off our investments, to some degree and, most likely, also receiving critical income from Social Security. It's only fair, since most of us have been taxed on our earnings for Social Security (and Medicare) for all our working lives.Here's a look at a key feature of Social Security benefits -- cost of living adjustments (COLAs) -- and how they might factor into your retirement planning.Image source: Getty Images.Meet the Social Security COLAJoin me on a quick trip in a time machine. The year is 1975 and you've just retired. You're collecting the average Social Security benefit at the time, which was around $207 per month. (That's close to $2,500 per year.) Fast-forward 50 years now and let's assume that you're still alive -- but very old. How much are you collecting from Social Security now?Well, if benefits had never been adjusted upward, you'd still be collecting $207 per month, in 2025. That certainly won't go nearly as far as it used to! Than...
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Employment
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Ugandas electricity distribution is changing hands whats at stake
2025-05-01 16:45:03| Spiritual Career Counseling
Ugandas electricity sector is at a turning point, as Umeme Limiteds 20-year concession draws to a close. Umeme was the first private distribution operator in anglophone Africa. For nearly two decades, the listed company was the dominant distributor of electricity to the countrys 2.3 million clients. However, Uganda decided in 2022 not to renew the licence on expiry, citing high power tariffs and low electricity access rates.Umemes departure and the transfer of distribution assets back to the state-owned Uganda Electricity Distribution Company (UEDCL) has sparked controversy. It centres on a US$235 million compensation claim by Umeme. The final settlement could shape power tariffs, the sectors financial sustainability and investment needs in the country. Peter Twesigye, who researches power market reform, regulation and utility performance in Africa, examines the big questions.The numbers behind the controversyThe flashpoint is the amount the government must pay Umeme to bring the...
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Employment
Cheap Car Insurance Port WA NY: Compare Quotes From Best Companies - [Mom Prepared]
2025-05-01 16:45:03| Spiritual Career Counseling
As a wife and mother of four children in Port Washington, NY, finding affordable car insurance is always at the top of my priority list. With teenagers who are just starting to drive, as well as younger children who will be behind the wheel in the near future, its important to me to find a policy that not only fits our budget but also provides the coverage we need. In my search for the best car insurance options, Ive come across some valuable information that I want to share with other families in a similar situation.When comparing car insurance quotes, its important to consider not only the cost but also the coverage and reputation of the insurance company. Ive researched five national insurance carriers in detail to provide a comprehensive comparison for families in Port Washington, NY. The average annual insurance premium costs for these companies are as follows:1. State Farm: $1,2002. Geico: $1,1003. Allstate: $1,3004. Progressive: $1,2505. Farmers: $1,350While cost is a signif...
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Employment