Here's How to Squeeze an Extra 24% Out of Social Security
They say good things come to those who wait.
And if you're able to wait before you claim Social Security, you can squeeze up to 24% extra out of the program. While you're eligible to claim Social Security as early as age 62, you won't get your full benefit until full retirement age, which is 67 for most people. But delaying beyond full retirement age, up to age 70, earns delayed retirement credits on Social Security retirement benefits.
Each year you delay beyond your full retirement age, your benefits check increases 8 percentage points. Delay three years, and you'll get 24% more.
Source Fool.com
