I check mine every month because I haven't started claiming benefits yet.
Mine showed a significant jump on 12/1/18 and another smaller increase on 1/1/19. I don't know why it was split like that. I saw similar increases last year when I checked on 12/1/17 and 1/1/18.
DW just started in January when she reach FRA. Her first payment will come this month. In retrospect it probably would have been better to start in November with a small reduction and pick up the 2.8% COLA.
As I recall, I saw the increase in my statement a month or two ago. I can't see the statement any more, now that my benefits have been approved, but the approved amount (I turn 66 this month, and get my first deposit next month) is exactly what my statement said last time I looked, around the first of the year, so the COLA was included then.When should I expect to see the effects of the most recent COLA increases reflected in my estimated benefits at ssa.gov?
i May have it wrong but it looks to me like her calculation looks the same as it would have been without the 2.8% bump. If so, the small reduction for 2 months early would have been better.I don't understand. Why do you think that would have been better?
- the reduction would apply to each and every check
- the COLA is only effective starting in January
- the COLA will be included in her first payment, and everyone after
You seem to be implying that she didn't "pick up the COLA" by waiting until her FRA?
i May have it wrong but it looks to me like her calculation looks the same as it would have been without the 2.8% bump. If so, the small reduction for 2 months early would have been better.
I'd guess the larger one is when your earnings record was updated to reflect your better earnings history, and the smaller one is the annual COLA.
The following CPI data was last updated by the government agency on January 11, 2019 and covers up to December 2018. The next inflation update for January has a scheduled release date of February 13, 2019.