Ask Larry

Can I Get The 5.9% COLA If I Turn 66 And 4 Months In November 2022?

I turn 66 years and 4 months in November 2022 can I get 5.9% cola if I file

Hi. Yes, Social Security retirement benefit rates will increase by 5.9% for everyone who was born prior to January 2 1960, regardless of when they start drawing benefits. You do not need to start drawing your benefits early in order to receive credit for the increase.

Best, Jerry

Posted: 
Dec 26 2021 - 6:08pm
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