Ask Larry

Will I Still Get The COLA Increase If I Wait Until After The First Of The Year To Sign Up?

I turn 65 on 10/31/22 haven’t signed up for social security yet I’m still working full time , if I wait till after the first of the yr in 2023 to sign up will the cola increase for 2022 be added to what I would get if I filed in October of 2022

Hi. Yes. 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 apply for benefits.

Your best filing strategy depends on many different factors, so you should strongly consider using our software ( to fully analyze all of your options so that you can determine your best strategy for maximizing your benefits.

Best, Jerry

Sep 15 2022 - 2:29pm
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