The Benefits Blog
The Benefits Blog provides expert insights, updates, and strategies on Social Security and Medicare, tailored for financial professionals looking to enhance their knowledge and better serve their clients. Stay informed with the latest developments and tips to maximize benefits for your clients.
The Social Security Administration today confirmed a 2.8% cost-of-living adjustment (COLA) for 2026. The increase affects roughly 75 million Americans—including nearly 71 million Social Security beneficiaries and about 7.5 million Supplemental Security Income (SSI) recipients (some people receive bo...
I just wanted to get your take on the potential tax impact on the COLA increase related to people being taxed more and how that could we impact distributions from their investment portfolios etc. question can you give me some commentary on the impacts of this change? 50% versus 85%.
The annual Cost...
Have the benefits on the Social Security statement been adjusted for the 8.7% COLA?
Yes, the Social Security benefit statements have been adjusted to include the most recent 8.7% Cost of Living Adjustment (COLA). This means that the benefit amounts shown on the statements reflect the increase provi...
I have a client who delayed his benefit after FRA for 4 months which equates to a total of $60 (DRC) which will be added in January. His current benefit is $3,488 a month gross. What is the order of applying DRCs and COLA or is this a simultaneous calculation?
When it comes to applying Delayed Ret...
