In 2026, Social Security beneficiaries can expect bigger checks due to a cost-of-living adjustment (COLA). The 2026 COLA is projected to be around 2.7%, higher than the 2.5% increase in 2025. Additionally, the full retirement age (FRA) is changing, affecting when you can claim your full benefits.

If you’re working while collecting Social Security, earnings limits will increase in 2026. The 2025 limits are $23,400 and $62,160 before benefits are affected. The new limits are expected to rise to $24,360 and $64,800. These changes could impact your monthly income, so it’s essential to prepare for them.

Delaying your Social Security claim beyond FRA can boost your benefits with delayed retirement credits. By waiting until age 70, you can increase your benefits by 8% annually. This strategy can provide more guaranteed income in retirement and reduce reliance on other retirement plans.

As the New Year approaches, it’s crucial to be aware of upcoming Social Security changes that will impact your finances. Stay informed about COLAs, FRA adjustments, and earnings limits to ensure you maximize your benefits and secure your financial future.

Read more at Yahoo Finance: 3 Social Security Changes Coming Faster Than You’d Think