A 2.8% Social Security cost-of-living adjustment will push up the maximum full retirement benefit in 2026. Plus, some beneficiaries may face earnings limits.

Qualifying workers who are retiring at 62 in 2025 can get a maximum of $2,910 per month, or $34,920 per year. Those who wait until they turn 70 in 2026 to claim their benefit can get a maximum of about $5,251 per month, or $63,012 annually. As you can see, the age at which you choose to start taking Social Security can make a big difference.

Social Security benefits are a critical source of income for many people. Unfortunately, some of the individuals who are reliant on benefits may soon find themselves facing one of the biggest benefit cuts in history.

Retirees benefiting from Social Security will get 2.8% more next year because of the annual cost-of-living adjustment.

Saving for retirement is only half the battle. It's equally important to plan for how those funds will be spent.

WASHINGTON -- Millions who receive Social Security benefits are getting a raise next year. After a delay in the announcement, the Social Security Administration revealed the annual cost-of-living-adjustment (COLA) for beneficiaries for 2026 is 2.8%