In 1972, Congress passed several amendments to the Social Security program, including one that instituted automatic cost-of-living adjustments (COLAs). That particular amendment took effect a few years later, and the first COLA was applied to Social Security benefits in 1975. The $18,984 Social Security bonus most retirees completely overlookIf you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income. Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after.

Source: The Guardian September 22, 2022 20:49 UTC