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A Social Security table that shows the power of patience
Kailey Hagen explains and illustrates how delaying Social Security can pay off handsomely. If you qualify for the average $1,917 benefit at 62, waiting until 63 to claim adds $96 to your monthly check. And the longer you wait, the more quickly your checks grow. Waiting until 70 boosts a Social Security benefit from $1,917 at 62 to $3,396 per month for someone with an FRA of 67. That’s almost twice as much! Full piece here.
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