Will my monthly social security continue to increase if I defer but do not work past age 63 ?

Terry Says:

Yes, every year you defer taking your Social Security benefits, the basic check increases roughly 8 percent! That’s the argument for waiting. At age 70, though — if you can wait that long — there are no more increases in your base check. If you were still working your additional earnings might make an impact, though small, on your check.

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