I am 66 and working full time. I have not started collecting SS benefits yet. I know that if I am not working and not collecting, my rate will increase by 8% every year. If I start to claim my benefits now, and continue to work, does my SS rate still increase 8% a year? I can't see any drawback to not collecting now.

Hi,

No, you only get the 8% per year increase if you delay taking your benefits. You may want to run the maximization software on this website in order to help you determine the best time to apply.

Best, Jerry