One can maximize the monthly Social Security benefit amount by delaying taking retirement benefits until age

Question

Quizplus · Accepted Answer

By delaying taking retirement benefits until age 70, the monthly Social Security benefit amount can increase by up to 8% per year beyond full retirement age (which is 67 for those born in 1960 or later). This can result in a significantly higher monthly benefit amount for the rest of one's life.

One Can Maximize the Monthly Social Security Benefit Amount by Delaying