Question

Which statement about Social Security is true?

A. You can increase your monthly benefit by retiring earlier than the
standard retirement age.
B. You can increase your monthly benefit by postponing when you
begin receiving benefits.
C. You can increase your monthly benefit by deferring taxes until
retirement.
t because all
D. There is no way to increase your monthly benefit because
retirees earn the same amount.

Answer 1

Answer: B

Explanation: Social Security retirement benefits are increased by a certain percentage for each month you delay starting your benefits beyond full retirement age.