Larry, I'm writing on behalf of my sister. She is having difficulty deciding to apply for social security benefits.
Sister is 71 and continues to work full time. Cheers for good health. Her husband, former Federal employee, is retired through permanent disability related to employment - OWCP. Sister lives in South Carolina, which I believe does not tax social security benefits. She is aware the benefit amount will no longer increase with age and that she will not receive benefits for the time period where she did not apply.
Are there any reasons that my sister should continue to delay initiating social security benefits.
I can't address the tax implications, but there is no advantage benefit wise to waiting past age 70 to file for Social Security benefits.