CNBC
Why to delay claiming Social Security — even when COLAs are high
Thursday, August 27, 2026
The Social Security Administration projects a cost-of-living adjustment between 2.6% and 3.6% for 2027. Individuals who delay claiming Social Security beyond their full retirement age receive an increased benefit of approximately 8% per year until age 70. Those who claim at age 62 receive a reduced benefit regardless of COLA increases. The relationship between COLA timing and delayed claiming strategies depends on individual life expectancy and benefit calculations.
Original reporting: https://www.cnbc.com/2026/08/27/social-security-claim-cola.html