InsiderFlow › News › A 24% boost to your Social Security check could be yours — if you're willing to wait 3 extra years

NEWS · Yahoo Finance · Jul 07, 2026 NEUTRAL

A 24% boost to your Social Security check could be yours — if you're willing to wait 3 extra years

If you wait until age 70 to claim Social Security, your monthly benefit will be about 24% higher than if you start at the normal retirement age.

What it means

If you wait until age 70 to claim Social Security, your monthly benefit will be about 24% higher than if you start at the normal retirement age. The program adds roughly an 8% boost for each year you delay.

Possible consequences

The higher benefit means more cash flow later in retirement, but you’ll have less income in the early years after you stop working. You may need to adjust your budget now and possibly shift your portfolio toward less risky assets because you won’t need as much growth to cover the waiting period.

What you can do

Run a break‑even analysis to see if you can afford the three‑year wait and keep an eye on the age‑70 deadline for the delayed‑retirement credit.

In the InsiderFlow app you get the news that matters explained like this every day: what it means and what to watch.

Read the story on Yahoo Finance →

Explanation generated by InsiderFlow's AI for informational purposes: not financial advice.