I'm sure my question has been answered on this forum before, but there have been so many SS threads that searching them was impractical.
If you retire early, say at 55, does your SS benefit get increase by the COLA while not working?
For example, say your Benefit statement says you will get $2000/month at 67. When you get to 67 and take benefits, will you get $2000/month or will your $2000/month get the annual COLA increases from age 55 to 67?
If you retire early, say at 55, does your SS benefit get increase by the COLA while not working?
For example, say your Benefit statement says you will get $2000/month at 67. When you get to 67 and take benefits, will you get $2000/month or will your $2000/month get the annual COLA increases from age 55 to 67?