Ask Larry

Is It True That I Won't Get The 5.9% COLA Because I'm Not Yet Receiving Benefits?

I have contacted Soc Sec three times and was told each time that the 5.9% cola increase does not go to anyone unless they are already receiving benefits. This information that you are giving people is incorrect. I was born in 1956 and did not receive the increase on my estimated benefit and was told I would not receive it, three times.

Hi. No. I'm a retired Social Security technical expert, and I can assure you that what you were apparently told by the people you spoke with at Social Security is wrong. Social Security retirement benefit rates for everyone born prior to January 2 1960 will include credit for the recent 5.9% cost of living (COLA) increase, regardless of whether or not they were receiving benefits when the increase occurred. For more information on how Social Security retirement benefits are calculated, refer to the following Social Security publication:

You may want to strongly consider using our software ( to get an accurate estimate of your benefit rate and to fully analyze your filing options so that you can determine your best strategy for maximizing your benefits.

Best, Jerry

Mar 10 2022 - 6:20pm
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.