Does Social Security Increase? YES and NO
Does Social Security Increase? YES and NO
Social Security increases both before and after taking it at age 62. There are two types of increases: one before taking it and another as a cost of living adjustment (COLA) each year.
The increase before taking it is greater than the COLA increase. Planning is necessary to ensure you receive the maximum benefits.
Here are some things to keep in mind:
– The amount of Social Security increases before taking it at age 62.
– Taking Social Security locks in the price, but there is still a COLA increase each year.
– The increase before taking Social Security is greater than the COLA increase.
– Answers about Social Security are not always a simple yes or no.
– Planning is essential to ensure you receive all the benefits you deserve.
Join us at a Fed Pilot workshop (webinar or in-person) and not only learn about your benefits, but how to prepare for retirement. The earlier in your career, the better.
Register: https://fedpilot.com
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