Social Security Retirees Aren’t Getting a Real Raise in 2027, No Matter What the COLA Numbers Say
While many seniors are hoping for a large cost-of-living adjustment (COLA), they won't actually be getting a raise in the traditional sense.
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When Social Security Isn’t Enough: How to Close the Gap
Given the number of American seniors who live on Social Security alone, it's important to know where to turn for help.
These 2027 Social Security Changes May Surprise Retirees
Be on the lookout for a number of key updates.
Weekend Reading For Financial Planners (September 19–20)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that Anthropic announced an advisor-specific plug-in to its Claude tool, which will incorporate data from many key advisor tech tools. While the new “Claude for Financial Advisors” plug-in offers the potential to solve the long-simmering problem […]
Michael Kitces
3 Things All 2026 Social Security Applicants Should Know About the 2027 COLA
Key Points The Social Security Administration will announce the 2027 COLA on Oct. 14, 2026. It will also announce several other key program changes at the same time. The 2027 COLA begins in January, but will be seen in the Dec. 31, 2026, payment. The $23,760 Social Security bonus most retirees completely overlook › We’re […]
Your RMD Deadline Is Closer Than You Think — Miss It and Pay Dearly
Key Points RMDs are due each year by Dec. 31. Missing an RMD deadline can result in a 25% penalty on the required amount. Proactively managing your RMD can help you avoid penalties. The $23,760 Social Security bonus most retirees completely overlook › You’re roughly 15 weeks away from Dec. 31, the annual deadline for […]
A Key Medicare Document Should Be Coming Your Way This Month, and All Enrollees Should Be on the Lookout
Key Points Medicare Advantage and Part D plans can change from year to year. Plan administrators are required to notify enrollees of changes ahead of Medicare’s fall open enrollment. Make sure to read your notice of change carefully so you’ll know whether to keep your current plan or find a new one. The $23,760 Social […]
I Don’t Plan to Claim Social Security at 62, but This 1 Thing Could Change My Mind
Key Points I plan to claim Social Security at age 70 to maximize my household benefits. If my health took a turn for the worse, I’d consider signing up early. I might choose not to apply for benefits at all if I didn’t need the cash to increase my family’s survivor benefits. The $23,760 Social […]
How Much Bigger Will the 2027 Social Security COLA Be Than 2026’s Raise? The Answer May Surprise You.
Key Points The 2026 Social Security cost-of-living adjustment (COLA) was 2.8%. Current estimates are calling for a much larger boost in 2027. Even if a generous increase comes through, there’s a big “gotcha” to keep in mind. The $23,760 Social Security bonus most retirees completely overlook › Earlier this year, Social Security benefits got a […]
New to Social Security? 2 Rules That Could Catch You Off Guard.
Key Points Some people claim Social Security without reading up on the program’s rules. You should know that if you’re working and getting benefits, you may be subject to an earnings test, depending on your age. Your benefits may also be subject to taxes, depending on your income picture. The $23,760 Social Security bonus most […]
3 Big Misconceptions About the 4% Rule You Need to Get to the Bottom Of
Key Points The 4% rule tells you to withdraw 4% of your savings your first year of retirement and adjust future withdrawals for inflation. Not understanding who the rule is suited for and how it works could create financial troubles for you. Recognize that the rule is meant to support a specific timeline and asset […]
3 Ways Delaying Retirement Can Make Your Future a Lot More Comfortable
Key Points Delaying retirement gives you more time to save for your future. Your existing investments also have more time to grow. Shorter retirements cost less than longer retirements. The $23,760 Social Security bonus most retirees completely overlook › Delaying retirement usually isn’t something you do because you want to. It’s often a necessity because […]
