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2026 Retirement Changes: Earnings Cap Rises, COLA Gains Offset

11/7/2025

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Summary

Story summary

In 2026, the earnings limit for workers under the Full Retirement Age (FRA) rises to $24,480.
The cost-of-living adjustment (COLA) increases 2.8% in 2026, adding about $56 to the average monthly check, though higher Medicare premiums may offset the gain.
The Full Retirement Age will gradually rise to 67 for those born in 1960 or later.
Retirees should plan income carefully to avoid unexpected benefit reductions.

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Story summary

In 2026, the earnings limit for workers under the Full Retirement Age (FRA) rises to $24,480.
The cost-of-living adjustment (COLA) increases 2.8% in 2026, adding about $56 to the average monthly check, though higher Medicare premiums may offset the gain.
The Full Retirement Age will gradually rise to 67 for those born in 1960 or later.
Retirees should plan income carefully to avoid unexpected benefit reductions.