@fanfare wrote:
according to my advisor, holding off from 62 to age 70 1/2 results in a 76% increase in your monthly check.
That amount is adjusted for inflation each year.
Your social security statement will have those figures on it. But, remember that if you take an early benefit, you are collecting that smaller benefit for 8 more years. So it really depends on your health, life expectancy, genetics, other financial resources, and how much you love or hate your job.
