What the 2027 Social Security COLA Really Means for Retirees

Social Security benefits are set to receive a 3.6% cost of living adjustment in 2027, giving millions of Americans a larger monthly check. But rising Medicare premiums and other retirement expenses could reduce how much of that increase retirees actually feel.

In this episode, the team breaks down what the new COLA means for Social Security recipients, how Medicare and prescription drug costs factor into retirement income, and why inflation can affect retirees differently than younger workers.

They also discuss the long term funding challenges facing Social Security, possible changes to how future cost of living adjustments are calculated, and why retirees should make sure their financial plans account for rising healthcare costs and potential changes to future benefits.