Your Social Security retirement check provides for an annual cost-of-living adjustment to keep pace with the Consumer Price Index.
For example, if you began receiving an annual Social Security retirement benefit of $6,000, your benefit would have increased to about $8,900, ten years later, assuming an average annual increase of 4%.
Securities and Insurance Products:
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- NOT A DEPOSIT
- NOT FDIC-INSURED
- NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- NOT GUARANTEED BY THE BANK
- MAY GO DOWN IN VALUE
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Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. First National Securities is a trade name of the bank. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.