Dear Larry, for financial reasons which I will not get into here. I am delaying benefits past 70. Perhaps about 6 months past. Again, the reason is purely financial.
My question is will Social Security REDUCE my monthly benefits when I do collect????

Hi,

No, your benefit rate won't be reduced if you wait past age 70 to claim benefits. However, delayed retirement credits (DRC) can't be credited for months starting with the month that a person reaches age 70, so you won't get any higher benefit rate by waiting past age 70 than you would have received if you'd claimed your benefits starting with the month you reach age 70.

If you apply for benefits after reaching age 70, you will have the option to claim your benefits retroactively for a maximum of 6 months if you so choose.

Best, Jerry