I was waiting to sign up for SS until April 2023 when I reach full retirement age (66 and 4 months). Would it be wise to sign up now and get the cola increase for 2023?
Thank you for your consideration,
Nancy

Hi Nancy. You don't need to sign up now in order to get credit for the 2023 cost of living (COLA) increase. All Social Security cost of living (COLA) increases that occur after a person turns age 62 are added to their Social Security retirement benefit rate regardless of when they start drawing benefits.

Your best overall filing strategy depends on numerous different variables, so you should strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to fully compare and analyze all of your various options so that you can be sure to choose your optimal strategy for maximizing your benefits.

Best, Jerry