Larry, I am 66 yrs. old, not receiving my benefits yet. Does the amount of projected income on my SSA statement already have all colas baked in?

Hi. My understanding is that the estimates on Social Security's benefit statements include past cost of living (COLA) increases but no future projected COLAs. We believe the best way to get an accurate benefit estimate is by using the Social Security benefit calculator included in our software (https://maximizemysocialsecurity.com/purchase). Using the software would also allow you to fully compare and analyze all of your filing options so that you can determine your best strategy for maximizing your benefits.

Best, Jerry