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Your social security benefits are based on the date when you reach your FRA - full retirement age.
After that - benefits are recalculated every year starting from January.
Thus - your FRA is 66 - you turned that age on 4-14-2016
If you apply now - your benefits will be as they were calculated on 1-1-2017
and will be recalculated again on 1-1-2018.
So your benefits NOW will be adjusted by delay up to 1-1-2017 and additional adjustment will be made again starting 1-1-2018.
You may work and receive social security benefits at the same time.
The main advantage to delay till 70 is that your future benefits will grow,
but advantage of starting now - you will receive benefits for additional period.
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