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Social Security’s 2026 COLA: What It Means for Your Retirement Income

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Manage episode 515178298 series 2412204
Content provided by Scott Dougan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Scott Dougan or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

💼 Want expert help in planning for your financial future?

Apply for a consultation here 👉 https://calendly.com/erg-kc/introductory-phone-call-with-erg

This October, the Social Security Administration is expected to announce a 2.7% cost of living adjustment for 2026 now that sounds like good news, until you see what it really means in dollars and cents. Today, Scott breaks down what the new Cost of Living Adjustment (COLA) really means for you, and why rising Medicare premiums, taxes, and inflation can easily cancel out your “raise.”

Here’s what we cover in this episode:

💵 The Real Raise: average benefit increase is only about $54 a month

🏥 Medicare Impact: higher premiums can erase much of that gain

💰 Smart Retirees Plan Ahead: strategies for what you can do right now

🧾 Check Your Estimate: review benefits on SSA.gov and update your plan

🤝 Take a Team Approach: financial + tax + healthcare planning under one roof

📞 Call us: 913-393-4724

🌐 Visit our podcast website: https://listentoscott.com/

📚🛠️ Check out Scott's book, Exceptional Retirement, and Retirement Toolkit

Download here 👉 https://keap.page/bu413/exceptional-retirement-youtube.html

🎥 Subscribe to our YouTube channel for more retirement insights!

🔔 http://youtube.com/@erg-kc?sub_confirmation=1

📰 Read our latest articles on Kiplinger:

https://www.kiplinger.com/author/scott-m-dougan-rfc-investment-adviser

📌 Follow us for expert retirement planning tips!

https://www.facebook.com/elevatedretirementgroupkc/

#retirement #retirementplanning

  continue reading

210 episodes

Artwork
iconShare
 
Manage episode 515178298 series 2412204
Content provided by Scott Dougan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Scott Dougan or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

💼 Want expert help in planning for your financial future?

Apply for a consultation here 👉 https://calendly.com/erg-kc/introductory-phone-call-with-erg

This October, the Social Security Administration is expected to announce a 2.7% cost of living adjustment for 2026 now that sounds like good news, until you see what it really means in dollars and cents. Today, Scott breaks down what the new Cost of Living Adjustment (COLA) really means for you, and why rising Medicare premiums, taxes, and inflation can easily cancel out your “raise.”

Here’s what we cover in this episode:

💵 The Real Raise: average benefit increase is only about $54 a month

🏥 Medicare Impact: higher premiums can erase much of that gain

💰 Smart Retirees Plan Ahead: strategies for what you can do right now

🧾 Check Your Estimate: review benefits on SSA.gov and update your plan

🤝 Take a Team Approach: financial + tax + healthcare planning under one roof

📞 Call us: 913-393-4724

🌐 Visit our podcast website: https://listentoscott.com/

📚🛠️ Check out Scott's book, Exceptional Retirement, and Retirement Toolkit

Download here 👉 https://keap.page/bu413/exceptional-retirement-youtube.html

🎥 Subscribe to our YouTube channel for more retirement insights!

🔔 http://youtube.com/@erg-kc?sub_confirmation=1

📰 Read our latest articles on Kiplinger:

https://www.kiplinger.com/author/scott-m-dougan-rfc-investment-adviser

📌 Follow us for expert retirement planning tips!

https://www.facebook.com/elevatedretirementgroupkc/

#retirement #retirementplanning

  continue reading

210 episodes

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