Ask Larry

Does The Benefit Estimate I Get From Social Security Include COLAs?

I understand that I get credit for all of the Social Security cost of living (COLA) increases that occur after I turned age 62. When I view the my Social Security page and see the Estimated Benefits at your current age (66), does the amount include the COLA's for the last 4 years or will they be added later when I claim my benefits?


Social Security doesn't include any future estimated cost of living increases (COLA) on their benefit estimates, but they do include any COLAs that have already gone into effect. So, if you're now age 66 the current rate that Social Security is estimating for you should include the COLAs that have occurred since you turned 62.

You may want to consider using our software ( to confirm your correct benefit rate and to help you determine your best strategy for claiming your benefits.

Best, Jerry

Mar 1 2020 - 5:02pm
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