A Bigger Social Security Raise in 2027? Here's Why That Might Not Be Good News

Early projections suggest Social Security recipients could receive a larger cost-of-living adjustment (COLA) in 2027—but is that really something to celebrate? In this episode of Take Pride in Retirement, Matt McClure and Josh Rhett Noble explain how the Social Security COLA is calculated, why a larger increase often signals higher inflation, and what retirees should really focus on when planning for long-term financial security. They also discuss why inflation affects retirees differently than workers, why LGBTQ+ retirees may face unique financial challenges, and how a comprehensive retirement income strategy can help protect purchasing power no matter what inflation does next. If you've seen headlines about a possible 2027 Social Security increase, this episode will help you understand what they really mean. Schedule your free financial consultation at TakePrideInRetirement.com or call 855-246-9211. Because retirement isn't just about having enough money—it's about having the freedom to create unforgettable experiences. -- Request your free RSSA Roadmap for Social Security optimizationWatch full episodes on YouTube:https://www.youtube.com/@TakePrideinRetirementShowFollow on BlueSky, Threads, Facebook, Instagram — just search Take Pride in Retirement --  Take Pride in Retirement is proud to be named one of the top Pride podcasts on the internet by FeedSpot. For more, go to https://blog.feedspot.com/pride_podcasts About Take Pride in Retirement:Take Pride in Retirement is a podcast dedicated to retirement planning solutions for the LGBTQ community. Host Matt McClure, a licensed fiduciary financial advisor, shares strategies to protect your hard-earned money while pursuing market-like growth. Matt holds the RSSA® credential as a Registered Social Security Analyst®, helping clients optimize their Social Security filing strategies to potentially increase lifetime income. He’s also a Certified Annuity Specialist® (CAS®), a designation earned through a 135+ hour graduate-level program in fixed-rate and variable annuities from the Institute of Business & Finance. Based in Georgia with his husband and two dogs, Matt spent over a decade in New York City, working with The Wall Street Journal Radio Network, NY1, and WCBS Newsradio 880. A career highlight includes reporting from the floor of the New York Stock Exchange.