Delayed Retirement Credits

How Can I Avoid Partial Year Delayed Retirement Credits?

I have a question about delayed retirement credits (DRCs), and am wondering if you can provide a precise, crystal-clear answer. It's my understanding that DRCs are calculated at the end of each calendar year, not in mid-year. So if I file to begin payments after age 66 (my FRA) and before age 70, my initial benefit amount will include DRCs for the month when I turn 66 through the end of the previous year prior to the effective date of initial payment.

So Which Is Right (Part II)?

This is related to my previous question, So Which Is Right, Jerry answered on Jun 17 2017 - 7:32am
First of all, thank you for very prompt reply.
But that was not kind of confusion on my side that Jerry suggested.
This is the situation:
I called SSA 06/15/2017, and gave to a SSA representative I was talking to this information:
- I am turning 69 this year. My Social Security benefits were initiated and immediately suspended as of November 2014, so I will receive benefit with DRC when I start receiving them.

How Will My Delayed Retirement Credits Be Credited?

Larry: I will turn 69 on 8/10/17. I plan to file for my Social Security using August 1, 2017 as my starting month & I will not receive my first check until Sept. 2017. Since my birthday is 8/10/17 which is "after" 8/01/17, will I still receive a full 36 months of DRC's? Also, based on the information from your website, when I file to start 8/01/17, I calculate that I will receive 28 of the 36 DRC's with the remaining 8 DRC's to be paid to me in Jan. 2018.

When Can I Request Voluntarily Suspension Of My Benefits?

I turned 66 in March, 2017, and began receiving my benefits at that time. I'm still working and I'm considering suspending my benefits so that I can receive the delayed credit when I reach age 70. Since I was already full retirement age when I started collecting, do I stil need to request the suspension within 12 months of receiving my first check, or can I suspend at any time after that? Also, my understanding is that I would need to repay any benefits I receive in the interim. Is that correct, and how much time would I be allowed to repay?

How Do I Request To Start Receiving My Benefits?

I am 69, born 12/31/47, female, never married. I successfully applied for file and suspend to collect DRC on April 26 2016. In October 2016 I unexpectedly left my job and unable to collect unemployment ins. I am still unemployed but seeking employment. My savings are being affected and want to collect my DRC. I am very concerned on exactly what to say to SS office that I want to collect ideally 13 or 14 months (the maximum I have so far, altho I could manage with less) worth of DRC.

How And When Are Delayed Retirement Credits Applied?

I've heard that if I delay applying for Social Sec benefits by 2 years past my FRA (my FRA is 66), I might have to wait months or even into the following year before the 16% increase kicks in. I'm now 68 and if I apply now to start receiving benefits, how long will I have to wait to get the 16% increase and more importantly will I be retroactively paid the 16% for each month that I have to wait?
Example :
I became 66 April 19, 2015 but did not apply for benefits.

Could My Husband's Ex-Wife Jeopardize His Delayed Retirement Credits By Drawing Early?

My husband is waiting until 70 for delayed retirement credit. He has an ex-wife who will be filing under his record as she is allowed to do. If she files earlier than him, does that jeopardize his increases promised for delayed retirement?


No, regardless of when or if your husband's ex-wife's receives benefits on his record, it won't have any effect on his delayed retirement credits. Nor would her entitlement have any effect on what you could potentially receive as a spouse on your husband's record.

Best, Jerry

Will My Rate Be Higher If I Start Drawing In January?

My full retirement age is 66 and that was on Oct 30, 2016 but I was planning on starting Social Security on Oct 30, 2017 when I turn 67.

When I turned 66 and if I had started taking Social Security, my benefit amount would have been $1668 but when I checked on Jan 1, 2017, the benefit amount showed that I would have received $1707.

I remember reading somewhere (but now cannot find that article) that by waiting until January 1 before starting to take benefits, it would result in a higher payment and wanted to know if that is the case as far as you know.