Terry Savage on 2026 Social Security COLA and rising Medicare costs

Nationally syndicated financial columnist and author Terry Savage joins Lisa Dent to discuss the 2026 Social Security cost-of-living adjustment (COLA), which is forecasted to rise by 2.6% due to inflation and new tariffs. Savage explains how the increase may be overshadowed by an expected 11.8% hike in Medicare Part B premiums and what these changes could mean for retirees trying to keep up with monthly expenses. And, as always, Savage answers questions from listeners.