Social Security's Biggest Announcement of the Year Is Less Than 1 Month Away. Here's What to Expect

Key Points On Oct. 14, the Social Security Administration is set to announce an official 2027 COLA. Other program changes should be revealed, too. Social Security changes don't just impact retirees, so working Americans should also tune in. The $23,760 Social Security bonus most retirees completely overlook › When it comes to retirement finances, October is often an important month. Not only does Medicare's annual open enrollment period begin, but it's also when the Social Security Administration (SSA) typically announces an official cost-of-living adjustment (COLA) for the new year. At this point, we're less than one month away from that news. Social Security COLAs are based on third-quarter inflation data.