Enter FRA monthly benefit from SS statement
Monthly benefit at full retirement age (67):
$2,500
Slide to Steven's actual figure from his Social Security statement. All numbers update instantly.
Recommended
Take now — age 66
Monthly benefit (SSA early claim)
$2,417
Reduction from FRA—
Months before FRA (9)—
Annual at start—
Wait to 67 — FRA
Monthly benefit (full amount)
$2,500
Reduction from FRANone
9-month gap to fill—
Annual at start—
Cumulative totals — year by year
Includes COLA adjustments & projected 2033 benefit reduction
| Year | Age | COLA / Event | Monthly (now) | Monthly (wait) | Cumul. now | Cumul. wait | Advantage — now |
|---|
Smart Life Financial — Advisor Recommendation
Model assumptions
2026 COLA (confirmed SSA)
2.8%
2027 COLA (TSCL forecast)
2.8%
2028–2032 COLA (conservative)
2.5% / year
2033 trust fund cut
–23% (SSA Trustees Report)
Post-2033 COLA
2.5% continuing
Early claim reduction rule
5/9% × 9 months = 5%