Originally from ticket #11382.
Why is the Social Security COLA (Cost of Living Adjustment) still set at 2.44% in the RetirementView software? That seems unrealistic especially since it was only 1.5% this year and is now using the Urban Wage Earners index.
Hi Bob,
If you read the text under Settings - Social Security it tells
you that that is the 20 year average calculated in Jan 2014 for the COLAs that were used over the last 20 years.
However,
you are free to set it to a lower COLA if you prefer.
Just click on Settings menu and Social Security and change the COLA.