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Delaying Social Security Boosts the Value of COLAs

Wait to take benefits until age 70 and you will get eight years of compounded cost-of-living adjustments on your full retirement age benefit. Trying to decide when to claim your Social Security benefit? Here’s an added incentive for delaying: Cost-of-living adjustments (COLAs) start pumping up your benefit at age 62, even if you don’t claim your benefit until much later. Read More…

 

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