Delayed Retirement Credits
Will My Benefit Really Increase If I Delay Past FRA?
I am 65 and plan to work past age 70, is it true that i can apply to receive my SS benefits but have them kept for me with 8% interest, collecing the money and interest at age 70? If so, will I then obtain my SS rate at the age I would qualify at 65 or at age 70? Thanks, Amy
Will My Wife's Benefit Increase Automatically at Age 70?
My wife (born 1946) gets a reduced benefit so that at age 70 she supposedly will get an additional 8% a year. She turned 70 in May 2016. I have a simple question; will her benefit now increase automatically or does the SSA need to be notified that she is now 70 years old?
Thanks for the help! Always enjoyed your show on WHYY.
When are Delayed Retirement Credits applied?
How Do Delayed Retirement Credits Work?
I was looking on how to calculate retirement benefits in years 67,68,69 before I turn 70 IF I filed and suspended and took a spousal benefit, then decided before 70 to take what the full retirement at that age I chose. Or is there a simple math equation as a multiplier on a per year basis ?
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- Unlimited what-ifs
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- Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.
Results will differ based on your specific case and filing strategy.