No need to claim Social Security to cash in on COLA

Contributing sentiments towards policy:

71% : Every year that you are eligible for Social Security, beginning at age 62 and up to the time you claim benefits, each COLA is automatically applied to your future benefit, even if you haven't yet filed for Social Security.
63% : So someone whose full retirement age is 66 could increase their benefits by 32% by waiting four years, until age 70, to claim Social Security.
59% : SSA can't provide actual benefit amounts until an individual applies for Social Security.
57% : That's how much you would receive if you claimed Social Security at your full retirement age.
55% : The client had planned to wait until 69 to claim Social Security, but now he's rethinking that decision.
50% : I would certainly caution Lindsten's client not to claim Social Security now since he is under full retirement age and still working.

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