I was born April 8, 1955, in Jan 2021 I received a CB letter from Social Security that my estimated benefit if I start collecting at age 66 and 2 months is approx $2449.00 per month, with an amount of $3201.00 if I wait until age 70. Am I correct both amounts would now increase by 5.9% with this years Cola increase?

Hi. Yes, although I can't vouch for the accuracy of the estimates you were given. You may want to strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to make sure that your estimates are accurate and to fully analyze the options available to you in order to determine your best strategy for maximizing your benefits.

Best, Jerry