Ask Larry

If I Turn 62 In 2022 Will I Receive The 8.7% COLA Increase?

Hi Larry if I turn 62 in 2022 will I receive the 8.7 cola raise

Hi. Yes. Everyone born prior to January 2 1961 will receive credit for the January 2023 Social Security cost of living (COLA) increase regardless of when they apply for their Social Security retirement benefits.

You may want to strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to fully analyze all of your options so that you can determine your best strategy for maximizing your benefits.

Best, Jerry

Posted: 
Oct 18 2022 - 3:46pm
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