I have received SS since age 63. I am now 67 1/2 and want to suspend benefits until I am 70.
Everything I've researched tells me I can gain 8% annually on my current monthly benefit of $2040 so I'd get aprox. $2474. at age 70.
The folks at Tucson SS say that is not the case and because I filed at 63 my benefit at 70 would only be $2284.
I can't find anything to justify their line of thought. Why isn't it a 8% yearly increase???
Who is correct????