Thank you for your help. I turn 69 in September of 2021. If I file for Social Security to be effective for September of 2021 will I get all of my DRC’s on my first check or should I wait and file for December of 2021 to get all my DRC’s for the entire year?

Hi. If you claim your benefits effective with either September or December, you won't get all of your delayed retirement credits (DRC) on your first payment. The only way that you'll get all of the DRCs you've earned on your first payment is if you claim benefits effective with January, or the month you turn age 70.

If you start drawing benefits between FRA and age 70, Social Security initially only gives you credit for any delayed retirement credits (DRC) that you earned through December of the year prior to the year you start collecting. Any DRCs earned in the year that you start drawing are subsequently credited effective with your payment for January of the year after the year you claimed benefits.

You may want to strongly consider using our software (https://maximizemysocialsecurity.com/purchase) to fully explore all of you options so that you can determine the best strategy for maximizing your benefits.

Best, Jerry