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Delaying Social Security to age 70 raises monthly checks and COLA costs
MarketWatch notes delaying benefits to 70 leads to higher monthly payments, with proportionally larger cost-of-living adjustments.
MarketWatch says the common focus on Social Security’s funding crisis can overshadow a less discussed impact of claiming later: waiting until age 70 changes both the size of monthly benefits and the associated cost adjustments.
According to the outlet, delaying Social Security until age 70 increases the monthly payment, and that higher base comes with proportionally higher cost-of-living adjustments.
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