Core Points - The article discusses changes to Social Security benefits that occur annually, focusing on the Cost of Living Adjustment (COLA) and the Full Retirement Age (FRA) [1][2] - An important but often overlooked change is the rules regarding working while collecting Social Security benefits, which will change in 2026 [4][6] Summary by Sections - **Cost of Living Adjustment (COLA) and Full Retirement Age (FRA)** - COLA is a significant change that affects retirees' income from Social Security benefits [1] - FRA changes are also crucial as they determine when individuals can claim their standard benefits [1][2] - **Working While Collecting Benefits** - Many seniors may need to work while receiving Social Security benefits due to insufficient savings [4] - Earnings above a certain threshold can lead to a reduction or loss of Social Security benefits for those under FRA [5] - The rules for working while collecting benefits will change in 2026, making it essential for retirees to understand these changes [6] - **Earnings Limits in 2026** - In 2026, individuals under FRA can earn up to $24,480 before losing benefits [7] - Those reaching FRA in 2026 can earn up to $65,160 without benefits being withheld [7] - Any lost benefits will be recalculated at FRA to provide higher future payments [7]