Inflation has been running high this year and it is getting harder for retirees to make ends meet on a fixed income. Fortunately, there is relief on the horizon for those on Medicare and those receiving Social Security benefits. Social Security has a cost of living adjustment (COLA) each year that increases benefits based on inflation to help retirees maintain their purchasing power. On average, the COLA increases around 1% to 3% most years. This year we saw a 5.9% increase. The Social Security Administration will announce the cost of living adjustment for 2023 tomorrow, which is expected to be between 8% and 10%. This record-breaking adjustment will help many retirees keep up with inflation as many are living off a fixed income. Not only will the Social Security cost of living adjustment increase, but, for the first time in a decade, Americans will pay less monthly premiums in 2023 for Medicare...