3 Social Security Changes Beyond Your Monthly Check to Expect in 2027
There are important changes coming to Social Security, beyond just a COLA increase.
Overview
Each year, the Social Security change that gets the most attention is the cost-of-living adjustment (COLA).
The COLA directly affects the monthly check that Social Security retirees receive. If the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) shows that there was inflation (as measured based on changes to CPI-W during the third quarter of the year), recipients get a benefit increase.
Details
While this change is an important one, it's far from the only one. There will be multiple modifications to Social Security rules in 2027 that affect not just retirees but also current workers. Here are some of the biggest changes you should be aware of, and plan for.
Source
Originally published at www.fool.com.