Social Security COLA: What’s Working, What’s Not



The only remaining provider of inflation-protected annuities in the United States is the federal government through Social Security. Retirees today can buy more of this income by waiting until age 70 to claim Social Security, thereby boosting their inflation-protected income by 30% over their full retirement age.

For healthy, higher-income retirees who have seen the largest improvements in longevity in recent decades, this increase in lifetime inflation-protected income appears to be a bargain.

Authors: Jason Fichtner and Michael Finke

Publication Date: 12 January 2021

Publication Site: Think Advisor