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Will You Miss Out on Social Security's Annual COLAs If You Wait Until 67 to Claim Benefits?


If you receive Social Security benefits, congratulations. Your monthly payment will increase by 3.2% beginning in January 2024. 

But what if you're old enough to claim Social Security but are holding off on doing so? Will you miss out on Social Security's annual cost-of-living adjustments (COLAs) if you wait until 67 to claim benefits?

Image source: Getty Images.

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Source Fool.com


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