As September 2026 begins, projections for the 2027 Social Security cost-of-living adjustment generally place the increase around 3.5% to 3.6%, although the official figure is expected in October after the CPI-W calculation is complete.
Why the Increase May Not Cover Every Cost
A COLA applies to Social Security benefits, not a retiree’s entire cost of living. Medicare premiums, property taxes, insurance, repairs, healthcare, utilities, and other expenses may rise at the same time.
How Home Equity May Help
An eligible homeowner may access a portion of home equity through a reverse mortgage while retaining ownership and remaining in the home. Depending on the program, proceeds may be a line of credit, monthly advances, a lump sum, or a combination. Proceeds are generally loan proceeds rather than earned income, but homeowners should consult qualified tax and benefits professionals.
Potential benefits include no required monthly principal-and-interest payment, flexible access to funds, and non-recourse protection for eligible HECM loans. Taxes, insurance, maintenance, occupancy, interest, fees, growing loan balance, and effects on needs-based benefits remain important considerations.
Use the Reverse Mortgage Northwest assessment tool to review personalized possibilities.
Reverse Mortgage Northwest, powered by OC Home Loans Inc., is licensed by the Washington State Department of Financial Institutions, CL-1842513; NMLS #1842513. This is educational content, not an offer to lend or financial, tax, legal, Social Security, or Medicare advice. Rates and terms may change. Consult appropriate licensed professionals.