Delayed Retirement Credits

Can Anyone Tell Me For Sure When They Recalculate Delayed Retirement Credits?

Can anyone tell me for sure when they definately recalculate delayed retirement benefits? Is it each January or every other year in January? Why isn't there a form letter sent to the people that will be getting delayed retirement credits explaining exactly when they are recalculated and when the people will be receiving the adjusted benefit? Thank you


Will Social Security Also Correct My COLA Amounts When They Add My Delayed Retirement Credits?

I filed for retirement benefits when I turned 68 in July 2016. The monthly amount (per the matrix provided by the SS representative) was the figure for January 2016. I understand that the delayed credits will be paid at a later date. However, I am still waiting for the credits to be paid and for my monthly benefit adjusted to the correct amount. My question pertains to applying the two COLA increases that have taken place (for 2017 and for 2018).

Isn't This Wrong?

From letter Jan 26, 2018.
"So essentially he will lose out on ~$50 a month from May 2018-Dec. 2018 that he earned by delaying (approx $400), as Social Security does not reimburse that lost money if you file mid-year."
This must be wrong. I thought you would get a lump sum the next time SS does their adjustments


How Much Will My Rate Go Up For Each Month That I Wait To Start Collecting My Benefits?

Thank you for helping us to understand SS. I turn 66 in March 2018. I will continue working until August. SS estimates my monthly payment at full retirement age to be $1,122. Can you tell me how much it will go up each month I wait to begin collecting my SS? I have seen the formula in the column, but after much searching through past columns I can't find it. I want to know if it would be worth it to wait to take my SS until August 2018 or start at full retirement age.

Can I File For 6 Months Of Retroactive Benefits And Then Immeditately Suspend My Benefits?

My birthday is in December, I am 67 years old, and still working. Next month, my 1st year of DRC's will appear on the "my Social Security" website. If I understand the rules correctly, I can file for benefits up to six months retroactive, receive a lump sum check, and then immediately suspend my benefits. The DRC "clock" will start back up and the only penalty is I will lose 6 months of DRC's. Is that correct?


How Will I Receive My Delayed Retirement Credits?

I'm planning to file for my delayed social security retirement benefits on Sept 2018. I will be 68.5 years old. Will I receive my first check in Oct 2018 for 21 months of delayed credits and then in Jan 2019 receive the full 30 months of delayed credits? My birthday is March 4th 1950. I initially wanted to delay credits until I was age 70 but am running out of money. Thanks for your advice.


Is It True That I'll Get My Age 68 Rate If I Start Drawing 6 Months Before Then?

Hi Larry,

Hope your weekend is going well.

On July 15, 2017 I turned 67 years old. In Dec 2017, I will be close to 67.5 yrs old. It means that I will be only six-months shy of my 68th birthday. I was told that within six month of my 68th B'day, I will be entitled to get full benefits equivalent to my 68 yrs age. What I mean that I don't have to wait until July 15, 2018, instead I can get start claiming the same amount equal to my 68th birthday when I claim in Dec 2017 or Jan 2018. Please advise.