October is always a big month for seniors on Social Security. The reason? It's the month when the Social Security Administration announces what cost-of-living adjustment, or COLA, recipients will be privy to in the coming year.

As the Social Security Trust Fund approaches its expiration date, many existing entities are offering helpful suggestions for funding alternatives. For example, the Association of Mature American Citizens (AMAC) recommends a combination of changing how cost of living adjustments are made, delaying retirement age and updating the delayed credit strategy.

Every day between now and 2030, 10,000 baby boomers are expected to turn age 65. If that includes you, you have less than 10 years to map out your retirement plan. Let’s get started!

According to a 2019 study, only 23% of American workers are very confident that they have enough money for a comfortable retirement. As a result, more of us will work longer, with two out of three pre-retirees saying that work will be one sources of their retirement income.