Your 2024 income could impact how much you pay for Medicare premiums in 2026 — including possible extra charges for higher earners through the IRMAA surcharge.
After a brief delay caused by the government shutdown, the Social Security Administration confirms that the 2026 Cost-of-Living Adjustment (COLA) will be announced on October 24, bringing clarity to millions of Americans awaiting news on next year’s benefit increase.
While many experts say it’s smart to wait, here are five practical reasons why claiming your Social Security benefits at age 62 could be the right move for you.