10/15/2026
📣 Social Security’s 2027 cost-of-living adjustment has officially been announced!
Social Security benefits will increase by 3.6% in 2027, with the increase beginning for beneficiaries in January. According to the Social Security Administration, that will mean an average increase of about $75 per month for retired workers.
While the annual COLA is automatic, deciding when to begin taking Social Security is not, and that decision can have a significant impact on your income throughout retirement.
Should you claim at 62? Wait until your full retirement age? Delay until 70? The right answer depends on much more than just your age. Your other income, retirement assets, life expectancy, spousal benefits, taxes, and overall retirement plan can all play a role.
If Social Security decisions are on your horizon, we’re here to help you look at the bigger picture and evaluate the timing strategy that makes the most sense for you.
📌 Source: Social Security Administration — 2027 Cost-of-Living Adjustment
https://bit.ly/4ilKgFY
Thrivent financial advisors and professionals have general knowledge of the Social Security tenets. For complete details on your situation, contact the Social Security Administration. See thrivent.com/social for important disclosures