How Delaying Social Security Beyond 2023 Could Earn You Much More Than an 8.7% Raise

How Delaying Social Security Beyond 2023 Could Earn You Much More Than an 8.7% Raise

Average Social Security COLAs are much lower. To get the full Social Security benefit you've earned based on your work history, you need to wait until your full retirement age (FRA). You can claim as early as 62, but every month you receive benefits before your FRA shrinks your checks.