jm67
Dryer sheet wannabe
Here's an easy one for you experts... I understand that my future social security benefits shown on my statement are given in current year (2023) dollars. After I start receiving benefits, they will of course increase due to the annual COLA. But... if I delay benefits to (say) age 70, will my initial benefits also be higher due to COLA's compounding between now and when I reach age 70? Or is the initial benefit "frozen" based on the actual earnings history?