Originally Posted by
Huell
I thought it went up by 8% for every year you wait.
I think you can request up to 3 summaries for 3 different projected retirement dates per request. Years ago I called twice so I could get 6 summaries.
The summaries are great ... they provide all of the payout options and a lot of other information.
I ran the numbers, and for me the payout went up 11.1% for each year delayed. In the past. I also got 3 dates when I requested an estimate. .This time I made the request online and for some reason only got 2 dates....could be my error in looking close enough or could be that was all that was offered. But check out your summary....pretty sure it increases 11%per year.
Ps .... SS goes up 8% per year for every year you delay