Monthly increase in SS
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.