Would There Be Any Advantage To My Filing For And Suspending Benefits?
Hi, Larry I was born in 1955 and will reach my full retirement age in April of 2021 (66 and 2 months). I am single, never married and have no dependents. Is there any advantage to my filing for (applying) AND suspending benefits 3 months before I reach my F.R.A.? I have read that if I want to wait longer than my F.R.A. (up to age 70) to actually receive benefits in order to increase the monthly amount, a strategy of file and suspend would allow me to receive suspended benefits owed to me starting at my F.R.A.