The Social Security Administration Announces 2013 COLA

The Social Security Administration recently announced a 1.7% cost-of-living adjustment (COLA) for 2013 Social Security and Supplemental Security Income benefits.  The increased payments will begin January 2013 for the more than 56 million Social Security beneficiaries and December 31, 2012 for the 8 million SSI beneficiaries.  Read more here.