I turn 68 in April, if I don't apply for social security until I turn 70 in 2025, will I still get the 8.7% increase for 2023 ?
Hi. Yes. Social Security retirement benefit rates for everyone born prior to January 2 1961 will be credited with the recent 8.7% cost of living (COLA) increase no matter when they start collecting benefits.
Mar 29 2023 - 5:30pm