COLA

Ask Martha

401k Abroad Adult Disabled Child Applying for Benefits Caring for children Child Benefits Claiming Strategies COLA Death Dependents Disability Disability Disabled Children Divorce Earned Income Earnings Eligibility for Benefits Ex-spousal benefits Family Benefits Foreign Pensions General GPO Income Limits Loans Marriage Medicaid Medicare Minor children Multiple benefits My Social Security Account News & Legislation Overpayment Pensions Railroad Retirement Remarriage Social Security Administration Social Security Benefits Social Security Terminology Spousal Benefits SSDI SSI Survivor Benefits Switching benefits Taxation Teaching Pension Totalization Agreements WEP Withdrawing Application Working
Or Ask a New Question

I am receiving survivor benefits and disability. Will I still get the COLA raise?

Hello, Yes, if you are receiving survivor/disability benefits, starting in January your payment will include the new COLA increase. Best, Martha

Read More

Will the COLA increase my benefits even if I wait to collect them?

Full question: I am 67 & 2 months. My expected earned benefit will increase by about 8% if I wait until Jan 2023 to claim my benefit. Will my benefit also be increased by the expected 8% + COL ? In other words, would I receive both increases? Hi there, Yes! After Full Retirement Age,…

Read More

Do I already need to be collecting benefits to receive the cost-of-living adjustment?

Full question: Is it preferable to start collecting as of December 2021 rather than March 2022 in order to qualify for the 5.9% cola increase? Hello, For retirees who are already collecting benefits prior to January of a given year, they will automatically see an increase come January for the Cost-Of-Living. However, those who are…

Read More

< Back