My full retirement is July 2023. However, If I decide to begin to take my benefits in November 2022, will I be eligible for the COLA increase in January 2023?

Hi. Yes, but you'll be eligible for the January 2023 Social Security cost of living (COLA) increase even if you don't start drawing your benefits until after January 2023. Social Security retirement benefit rates are increased to include all Social Security COLAs that occur after a person turns age 62 no matter when they start drawing benefits.

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Best, Jerry