mathjak107
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 27, 2005
- Messages
- 6,205
My understanding is that it's an 8% increase per year from FRA to 70. From 62 to FRA it's less than that per year. More like 6.2% per year in my case - born in 1955 = FRA of 66 and 2 months.
This is from a chart I used from SSA.gov
while the increase are 6-8% they do not represent returns of that size since the checks you do not get dilute those increases .