If you were born in 1959,

Your full retirement age is 66 and 10 months

If you start receiving benefits at age 66 and 10 months you get 100% of your monthly benefit. If you delay receiving retirement benefits until after your full retirement age, your monthly benefit continues to increase.

The chart below explains how delayed retirement affects your benefit. The increase is based on your date of birth and the number of months you delay the start of your retirement benefits. If you start receiving retirement benefits at age

• 67, you'll get 101.3% of the monthly benefit because you delayed getting benefits for 2 months.

• 70, you'll get 125.3% of the monthly benefit because you delayed getting benefits for 38 months.

  When you reach age 70, your monthly benefit tops increasing even if you continue to delay taking benefits.

If you decide to delay your retirement, be sure to

Sign up for Medicare at age 65

In some circumstances, medical insurance costs more if you delay applying for it.