Each year the Social Security Administration announces its annual cost-of-living adjustment (COLA). The announcement relates to the increase in the Social Security and Supplemental Security Income (SSI) benefit amount people receive each month, starting the following January.
This year, 67 million Americans will see a 2.8 percent increase in their Social Security and SSI benefits in 2019.
Want to know your new benefit amount as soon as possible?
In December 2018, the Social Security Administration will post Social Security COLA notices online for retirement, survivor, and disability beneficiaries. You will need to have a my Social Security account to be able to view and save these COLA notices.
Do you want an estimate of your Social Security benefit?
An estimate of your benefit can be obtained online at www.ssa.gov or by visiting your local Social Security office. Be sure to make an appointment to ensure your visit allows enough time for any questions you may have to be answered.
For more information, be sure to check out our May 3, 2018 blog post that provides additional information regarding applying for Social Security.
PLEASE NOTE: JNBA is not an agent of the Social Security Administration. All claiming strategies and benefits must be verified and accepted by the Social Security Administration.
Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from JNBA Financial Advisors, Inc.
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