5 things that will change your Social Security in 2026

Marca

Major changes are coming to Social Security and SSI in 2026. A 2.7% COLA increase is expected, adding $54 to $56 to monthly checks, but the timing of payments will vary depending on birthdays and benefit type. Full retirement age will officially be 67 for those born in 1960 or later, and income limits before benefit reductions will increase. While the adjustment offers some relief, it still lags behind inflation, making budgeting crucial. Staying aware of dates and rules will help recipients start 2026 smoothly and avoid payment issues.

Transcript

00:00In 2026, there will be changes to your SSI and Social Security payments.

00:05The COLA will be announced on October 15, 2025.

00:10Here are the 5 points you should keep in mind to start the year with everything under control.

00:15More money in your check.

00:17A 2.7% increase is expected, which could mean an extra $54 to $56.

00:24Use it to better organize your monthly budget.

00:27When you will receive your payment, the date of your first check with the increase varies depending on your birthday and type of benefit.

00:35SSI will reflect the adjustment on December 31.

00:40Stay alert to avoid surprises.

00:43Retirement Age.

00:44If you were born in 1960 or later, the full retirement age will be 67.

00:50This may affect how much you receive if you plan to retire in 2026.

00:55Income and Work Limits.

00:57The limits on how much you can earn without reducing your benefits will increase in 2026.

01:03Keep in mind that this depends on whether you have already reached full retirement age.

01:08Inflation and Planning.

01:11The increase provides extra income but is still below recent inflation.

01:15It's worth organizing your budget to protect your monthly income.

01:19Stay on top of your payments and dates and plan your year carefully so your 2026 starts smoothly.

Categoría

Transcripción

Sé la primera persona en añadir un comentario

Recomendada