Youll get a bigger check every month. However, how much bigger depends upon what year you turn 65 (full retirement age), and how long you postpone collecting benefits after you turn 65. This is worth considering carefully because life expectancy for women is about twenty years beyond retirement age now.

You'll get a bigger check every month. However, how much bigger depends upon what year you turn 65 (full retirement age), and how long you postpone collecting benefits after you turn 65.

The following chart shows how much more you'll get for every year you delay collecting benefits past age 65 (up to age 70, when you have to start collecting Social Security):

Remember, though, that the full retirement age is increasing (by 2027 it will be 67), so eventually you'll be able to receive extra money only for three years instead of five. However, as the table shows, you'll get more money per year.

To get an estimate of how much you'll receive when you begin collecting Social Security, call (800) 772-1213 or visit the Social Security website (www.ssa.gov) to request a Personal Earnings and Benefit Estimate Statement (PEBES).