My ssn is $1568.00 if I claim now at 65 if I wait a year its $1638.00 wow...and that's before medicare. Just got laid off....if I wait 4 more years will it go up to 2100.00 even if my next job isn't making as much as I was making?

Hi,

If your full retirement age is 66 and your full retirement age benefit rate (PIA) would be $1638 based on your earnings to date, then your benefit rate would be at least 32% higher (i.e. roughly $2162) if you waited until age 70 to start drawing your retirement benefits. That's true whether you work or not and regardless of how much you earn between now and age 70.

Before filing for benefits, you should strongly consider using our maximization software to explore and compare all of your options in order to determine your best strategy.

Best, Jerry