Cola

Social Security COLA 2027: Why Medicare deductions could reduce retirees’ monthly benefit increase

by
Social Security COLA 2027 may increase benefits, but Medicare deductions could reduce retirees' monthly payments. (AFP)

The three-month period used to calculate the 2027 Social Security cost-of-living adjustment (COLA) ended in September. The Social Security Administration (SSA) is expected to announce the official increase in October. Until then, retirees can only use estimates to know how much their monthly payments may increase. Social Security COLA 2027 may increase benefits, but Medicare … Read more

Social Security 2027 changes: COLA may rise 3.5%, but will full retirement age change?

by
Social Security benefits and the 2027 COLA increase explained. (Photo by Kayla Bartkowski / GETTY IMAGES NORTH AMERICA / Getty Images via AFP) (Getty Images via AFP)

Social Security is set for some changes in 2027, but the final numbers are not out yet. The official changes, including the 2027 cost-of-living adjustment (COLA), are expected to be announced on October 14, after the latest Consumer Price Index (CPI) data is released. Social Security benefits and the 2027 COLA increase explained. (Photo by … Read more

Social Security September 2026 payments: Check SSI dates, benefit amounts and 2027 COLA forecast

by
Social Security payments are going out this week. (AP Photo/Nam Y. Huh, File) (AP)

Millions of Americans will receive Social Security-related payments this week, with two groups of beneficiaries scheduled to get their money, according to the Social Security Administration (SSA). More than 75 million Americans received Social Security, Supplemental Security Income (SSI), or both in July, the SSA’s latest monthly data showed. Social Security payments are going out … Read more

Social Security COLA reduction proposals: What changes are on the table and how could benefits be affected?

by
Social Security COLA reduction proposals. (Representational image) (Unsplash)

Several proposals modeled by the Social Security Administration’s Office of the Chief Actuary could reduce future annual cost-of-living adjustments, or COLAs, for millions of beneficiaries as policymakers consider options to improve Social Security’s long-term finances. Social Security COLA reduction proposals. (Representational image) (Unsplash) The proposals are not current law, and they do not mean Social … Read more

Social Security 2027 COLA could bring ‘Trump Bump’: How much could benefits rise?

by
Social Security could get a 3.2%-3.3% COLA in 2027 as inflation and gas prices rise, but retirees may still struggle with higher living costs. (AFP)

Social Security benefits could get a so-called “Trump Bump” in 2027. But this increase may not be good news for retirees. The boost is expected to come from the yearly cost-of-living adjustmentor COLA, which helps Social Security payments keep up with inflation. The higher COLA estimate is linked to rising living costs, including higher gas … Read more

Social Security 2027 COLA could hit 3.6% as Medicare Part B premiums rise less

by
Social Security's 2027 COLA could reach 3.4%-3.6%, while Medicare Part B premiums may rise 3.25%, giving millions of retirees a potential boost. (AFP)

Social Security remains an important part of retirement income for millions of Americans. For the past 25 years, Gallup has surveyed retirees about how important Social Security is to them. The surveys have consistently found that 80% to 90% of retirees depend on their monthly Social Security payment to cover at least some of their … Read more

These 10 states are Social Security gold mines for retirees

by
Cricket in L1

With inflation and cost-of-living adjustments (COLA) still ineffective, America’s retirees are increasingly looking for ways to further expand Social Security benefits. Social Security benefits vary by state. Here are 10 states that offer retirees the best value for Social Security benefits after taxes and living costs (Pixabay) Read more: Social Security recipients may receive additional … Read more