Social Security Getting Nicked? A DIY COLA
SmartMoney recently reported that the government is considering a change in the way Social Security cost of living adjustments, or COLAs, are calculated. I can't control how the government decides to calculate Social Security benefits in the future, but I do know of at least one approach that cranks out annual cost of living increases no matter how inflation is calculated: dividend growth stocks.
I sifted through S&P's Dividend Aristocrats list and selected six stocks that look like good candidates to continue cranking out annual payout increases no matter what happens with Social Security.
Comments or questions welcome, either here or at the article.