![]() In addition, output from the software tools and planning services may incorporate data obtained from third parties and such data (including any calculations that is based on such data) is provided on an “as is” basis. Like any software products, Economic Security Planning, Inc.'s software tools may have errors in its underlying code, and the assumptions about the future that it makes and that users input may prove false. does not guarantee that the suggestions and recommendations derived from its software tools and planning services will necessarily achieve a secure economic plan. Securities and Exchange Commission or any state securities agency, is not a registered broker-dealer and maintains no other regulatory credentials associated with the management of financial assets. is not an investment adviser registered with the U.S. The creators of Economic Security Planning's software are not certified, registered, authorized, or any other form of financial planners. The suggestions and recommendations provided by Economic Security Planning, Inc.'s software tools and planning services do not constitute financial or investment advice. So, regardless of what your benefit statement says, your retirement benefit rate will be credited with the most recent COLA and all future Social Security COLAs.īefore you decide when to apply, you should strongly consider using our software ( ) to get accurate benefit estimates and to fully analyze all of your options so that you can determine your best strategy for maximizing your benefits. What I can tell you for sure is that all Social Security COLAs that occur after a person reaches age 62 are added to their Social Security retirement benefit rate regardless of when they start drawing benefits. Social Security can change their policies with regard to what they post on their website at any time, though, so you should check with them if you have questions about your benefit statements. Social Security benefit statements don't include any future projected cost of living (COLA) increases, but they do include COLAs that have already gone into effect at the time the statement is issued. My questions: the estimated benefits I see on my online ss account, do they reflect the 2022 cola already added or is the 2022 cola added to my estimated benefits when I file next year? And what about the 2023 cola if there is one? I'm trying to figure out if the cola's are already reflected in my estimated benefits or if they will be added when I do file. ![]() I have not started the filing process yet. I'm planning to take social security April 2023. Hi Larry I have a question regarding the cola adjustments for 2022 and potentially 2023. ![]()
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