COLA raise

[rcjordan]

Social Security is set to announce biggest benefit hike since 1981.

https://www.cbsnews.com/news/social-security-cola-increase-2023-when-you-will-get-it/

[rcjordan]

When I was researching retirement, starting Soc Sec early at age 62 was fairly common --waiting late (age 70) was uncommon.  Starting early can cut the payout by 30+%, while waiting until 70 will boost it by 30+%.  One advisor's comment stuck with me; "Social Security is an inflation-indexed lifetime annuity! Have you ever priced one of those?" (They're outrageous.) 

Social Security recipients get 8.7% cost-of-living increase, the highest in more than 40 years | CNN

https://www.cnn.com/2022/10/13/business/money/social-security-cost-of-living-adjustment-cola-increase/index.html

[ergophobe]

>> inflation-adjusted annuity

Until 2034 anyway. Then....