A retiree adjusts finances with inflation, investing in value stocks and planning budget cuts despite Social Security's 2.5% COLA.

A retiree is adjusting their financial strategies to handle inflation, despite Social Security's 2.5% COLA for 2025. They are investing more in dividend-paying stocks like Coca-Cola and Procter & Gamble, shifting towards value stocks, and reducing growth stocks. The retiree also plans to follow a strict budget to cut unnecessary expenses and will consider converting their IRA to a Roth for tax-free withdrawals in the future.

December 01, 2024
3 Articles