You may be hearing quite a bit in the news recently about the Cost of Living Adjustment (COLA)—the annual increase in social security benefits intended to keep up with inflation. But how does this affect you? With inflation on the rise in 2023, can you expect a bigger COLA this year?  The big answer is a resounding yes! Social security checks will be increasing by 8.7%—the biggest COLA since 1981. For average retired recipients of social security, this adjustment represents an increase of $146 per month.  Your 2023 increase in social security benefits Since 2023 is so unusual, we know [...]