One of the most popular retirement planning topics involves choosing when to retire.

This crucial decision will impact your benefit amount. While you have one chance to “undo” your decision, in most cases, people stick with it.

This means that your decision on when to take Social Security benefits will impact your overall payout. With the 2025 COLA announcement just a couple of months away, this is an important time for those nearing retirement. If the COLA hits a specific number, will that influence your decision on whether to take retirement?

For those who were considering retirement before, the 3.2 percent increase of 2024 may have had an impact on their choice. Will the same be said for 2025? Let us know in the comments. You can also follow us on Facebook and Twitter for additional Social Security content covering the 2025 COLA and more.