I want to apply for social security when I turn 68 on April 24. Birth year 1950. I want to get the optimum increase in payment for waiting two years after 66. What date do I sign up to receive my payment? April, May June?

Hi,

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

Hi,

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).

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

Hi,

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.

Delayed Retirement Credits and Retroactive Benefits.

Hi Larry, Started SSB in June 2017 at age 69 expected to see my full DRC 24% in January 2018 payable in February 2018. I checked my SS online account and it shows January SSB payable in February still at 1.20667% of my FRA. When can I expect to see my full 24% DRC.
Thanks Larry would appreciate any help.

Hi,

Hi!
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?

Hi,

What is the best month to apply for delayed retirement credits and why. Thanks for your advice.

Hi,

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.

Hi,