Ask Larry

Retirement Benefits

Do You Have Any Thoughts On The Benefit Estimates On My Social Security Statement?

Hi, Larry
I turned 66 on August 18, 2020 but elected to wait to start collecting my Social Security benefits so the monthly payments will be higher.( I'm still working) I have a statement from May 10 of this year that says at age 66, I will receive about $2571 per month. I turned 67 yesterday and checked my statement. It now says at age 67, I will receive the same amount. It was my understanding that the longer one waits until age 70, the monthly payout gets higher. Any thoughts on that? - thanks

Thursday, August 19, 2021 - 19:39

Is There Any Way To Claim Benefits More Than Six Months Back?

I forget to apply my social security benefits when I turned 70 years old ,I finally got it done after 11 months delay. social security gave me 6 months retroactive benefits . but I was 5 months short of benefits if I apply it on time. is there anyway to go back more than 6 months?
thank you

Hi Caleb. No. Six months is the maximum amount of retroactivity allowed for Social Security retirement benefits under Social Security law (

Thursday, August 12, 2021 - 16:52

Will My Permanent Benefit Rate Go Down When I Stop Working?

I applied for retirement benefit at age 68 and no decision yet from SSA. What SSA decide now will be the final amount for the rest of my life. Will it be? I plan to stop the payments, and go back to work until 70 to earn delayed retirement credit. At that point the amount will be higher due to the credit. My question is: will the second, higher amount for the rest of my life? Or when I stop working at age 70 with no other income it will go back to the amount what I was entitled at age 68?

Thank you for your time.

Friday, July 30, 2021 - 11:55

How Will It Affect My Social Security Payment If I Start Drawing At Age 65 1/2?

My dob is 12/11/56 if I retire at age 65 1/2. How much will that affect my social security check.

Hi. Based on your birth date, your full retirement age (FRA) is 66 & 4 months. Therefore, if you start drawing your Social Security retirement benefits at age 65 1/2, you'd be starting 10 months prior to FRA. People who start drawing their benefits at FRA receive 100% of their primary insurance amount (PIA). But, if you start drawing 10 months before FRA you'll be paid roughly 94.4% of your PIA instead.

Wednesday, July 28, 2021 - 16:55

Will I Receive My Current Benefit Amount For The Rest Of My Life?

When I was 62 I applied for social security and told them I wanted to continue to work also. So now at the age of 70. I asked social security I would like to retire and get full benefits.They told me no that when I applied for social security at age 62 it was locked in.So the rest of my life till I die I will receive a monthly check for around $476.00 .Is this right?

Friday, July 16, 2021 - 11:32

Since My Husband Is 100% Disabled Through The VA, Can He Start His Social Security Benefits Early With No Reduction?

My husband is 100% disabled through the VA and is 60 years old. My question is if he decides to take early social security benefits at 62, will he receive his full social security benefits due to his disability as if he was 67, or will they be reduced because he is 62.


Monday, May 24, 2021 - 20:22
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