Every month you wait it increases a little. (Approximately.6 percent).

It is not a step function that increases only on birthday or January 1.

Cost of living increases occur on annual basis.

There are calculator that you can find that will find your break even age of waiting assuming mango Mussolini and apartheid Clyde don't end social security.

So there is no advantage to waiting beyond your 70th birthday to start collecting.

I'll visit the SS office tomorrow or Thursday, they take walk ins.

From the answers here, it doesn't matter so much about before or after one's birthday.

I'm just trying to figure out if taking benefits before age 70 decreases the benefits I'll receive in later years. It looks like it does and the break-even calculation bears that out, or else there wouldn't be such a thing, everyone would when they reach their full retirement age. I'm past that a bit but would still see higher payments the rest of my life if I hold off.

I don't think it's worth it, my wife is worried that it might go away altogether thanks to this shithead Elon and his stooge Trump.

If your spouse gets more than half your benefit. There is no added money to them if they outlive you.

If yours will be more than double theirs, it may be worth it to take the lesser amount as early as possible to get money now. (This is true of my family, since my wife was stay at home for many years and part time for others ...so she will start drawing as soon as she is eligible)

She advocates for filing sooner rather than later because of Trump.

I tend to agree, the calculators show a break even around age 80, 12 years out.

I think our lives will be better if I file now, and I might actually retire from working full time, too.

I negotiated that if you retired when first eligible, that the district would buy back 70% of your sick days up to the maximum of like 290.
So more than a year salary released across two tax years.
Then you could opt to retire/rehire at step 2.

If you did not retire when first eligiible, they only bought back 25% of the first 250 days.

I showed the calculation for every column (BA, BA+30, MA, MA+15, etc) and the break even point of double dipping.

Even though the teacher would need to live to 88 to break even, no teachers took the retire/rehire because "but my pension will be 88% instead of 66%" if I do that. Tried to explain that they put some the excess retire/rehire in a 403B as tax shelter and have moer money while you are yound enough to enjoy it.

It was painful, to have people who teach not understand basic math and economics.

Good luck on your returement

for your 68th birthday - you'd get the amount you would have received in January for the year, then the extras the NEXT January - that's the way I understand it.....the same for your 69th birthday........but all of it for your 70th birthday

Jeez, what is with that "255 dollar death benefit" - I SWEAR it was that same amount when I was in the military fifty years ago

I'm going to get over to my local SS office, they take walk-ins and answer questions.

But you have to prepare to be sure to asked the right questions.

I'll report back any useful tidbits I learn and hope they aren't swamped.

To the north, Canadians who contributed to their version of social security (CPP or QPP) receive a much more generous one-time death benefit.

I worked in the CBPO (Consolidated Base Personnel Office) -Personal Affairs

ID;s, promotions, deaths (yuck).....

I did a LOT of mobility exercises - play-war stuff, 40 hours in an Airplane hangar processing folk off to "war".