The Social Security Administration stated there will be a 2 percent cost-of-living adjustment (COLA) to monthly Social Security and Supplemental Security Income benefits for 2018. This is the largest increase since 2012. Up to $128,700 in wages will be subject to Social Security taxes (up $1,500 from 2017).
If you have recently started getting Social Security, make sure you are getting the correct amount. My Aunt recently discovered that her social security should have been higher due to my Uncles social security situation. They worked with the SSA and got additional social security going back some 10 years and the lump sum payment was around $60,000. A friend of mine who was a older parent with a son still in high school discovered that is son was eligible for social security. It wasn’t much, but it was due him.
As you get to the point where you are eligible for social security, I think it is important to schedule an appointment with your local SSA to make sure you are getting everything you should.