While there are many possible ways to provide streams of income for yourself in retirement, one of the most common is the receiving of a monthly Social Security check. The Social Security Administration has announced a 2.8% Cost of Living Adjustment increase for 2026¹. This follows a 2.5% increase last year and is comparable to average adjustments throughout the history of Social Security following several years of larger adjustments that coincided with economic struggles and the COVID pandemic at the beginning of this decade.

If you receive Social Security, your check will be slightly larger. That’s never a bad thing, but it’s important to realize that this adjustment isn’t the same as earning a raise or a bonus back in your working years. The adjustments are designed to keep pace with inflation and maintain your purchasing power—not increase it.

Furthermore, if you are still building towards retirement and not claiming Social Security benefits, it’s very important to know that these benefits are not designed to cover all expected expenses in retirement. From investments, to annuities, to insurance products (and more), a well-thought-out plan can weigh your growth and risk strategies and can be adjusted as circumstances in your life change.

No matter where you are in your journey, consulting experienced professionals can help you prepare for retirement income that strives to meet your expected needs. Give us a call at 678-539-9518 and speak to our team about managing your expected income in retirement.

1. https://www.kiplinger.com/retirement/social-security/social-security-cola-2026

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This blog is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.