Ask Larry

Will I Get The Cost Of Living Increase That Was Given In January Of This Year?

I am 66 and will get my 1st check in august. Will I get the cost of living given in January of this year?

Hi. Yes, assuming that you'll be collecting your own Social Security retirement benefits. Retirement benefit rates are updated to include all cost of living (COLA) increases that occur after a person reaches age 62, regardless of when the person starts drawing their benefits.

Best, Jerry

Jun 9 2022 - 11:03am
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