The Economic Times

Is this why retirees still struggle despite a new Social Security COLA forecast? Two ways to earn 4% on your money before the COLA arrives

A projected 3.9% Social Security COLA adjustment is making headlines but millions of retirees don't need to wait until October to protect their purchasing power. The projected Social Security COLA increase comes after inflation accelerated sharply during March and April. Prices are now rising at their fastest pace in nearly three years. Meanwhile, many traditional savings accounts still pay less than 0.40% interest. In real terms, that means savers are often losing money slowly without noticing it.