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How to make the most of Social Security's 2.8% cost-of-living adjustment for 2019

How to make the most of Social Security's 2.8% cost-of-living adjustment for 2019

Finance
The Social Security Administration has announced that the cost-of-living adjustment to benefits will be 2.8 percent next year. That is the biggest increase since 2012, when beneficiaries saw a 3.6 percent increase. But before you celebrate, there are some things you need to keep in mind. The average Social Security benefit in 2018 is $ 1,422. With the cost-of-living adjustment, that will be $ 1,461 per month in 2019. That extra $ 39 per month will amount to $ 468 per year, or $ 936 per year f...