Delayed Retirement Credits

The real price tag to claiming Social Security too early

New research from economists at Boston University and the Federal Reserve Bank of Atlanta found many retirees are making a strategic mistake that can cost them tens of thousands of dollars in lifetime benefits by claiming their Social Security benefits…

A Realistic Look at the “Maximizing Social Security” Incentive

In a post on tucson.com, nationally syndicated former SSA analyst Tom Margenau takes a look at the popular notion that there exists a secret way of getting the highest possible payout from their earned Social Security benefit. As he points out, the “secret”…

COVID-19 and Your Decision to Claim Social Security Benefits

Those who have been weighing their options for Social Security benefits know that filing early (i.e. before their full retirement age – FRA) will result in a reduction from their FRA benefit. Likewise, they know that deferring their filing beyond…

Can Your the Value of Your Social Security Benefits Decrease?

Well, yes, and there are several ways that this could happen. As outlined in an article by Selena Maranjian posted on missoulian.com, there are two scenarios under which benefits could be impacted negatively, with the first being the result of the “earnings test”…

Your Social Security Claiming Age and it’s Impact on Your Lifetime Benefits

By now, most likely everyone aging into Social Security eligibility has heard the advice to avoid the temptation to grab their benefits as early as possible. But do you know why? The Motley Fool’s Sean Williams, in a post on www.nasdaq.com, explains…

Ask Rusty – Maximizing Spousal Benefits

Dear Rusty: My husband turns 68 next year, and I will be turning 66. He plans on continuing to work and retiring at age 70 to maximize his monthly Social Security benefits. I am retiring next year due to a…

Widow(er) Benefits and Delayed Retirement Credits Explained

In a post on maximizemysocialsecurity.com, the firm’s analysts examine the question of how delayed retirement credits (DRCs) are applied to widow benefits, explaining how the full retirement rate a surviving spouse will receive is calculated when DRCs are involved. Check it…

The Nuances of Switching from Disability to Retirement Benefits

In response to a question from a disability benefits recipient approaching her automatic transition to retirement benefits, this post on maximizemysocialsecurity.com outlines the mechanics of the process, and explains the recipient’s inability to defer retirement benefits and continue on disability to…

It’s Your Social Security…Make Sure Your Getting the Most!

In a post on sgadvisor.net, InvestmentNews contributing editor Mary Beth Franklin offers an extensive overview of the basics of ensuring a correct and appropriate level of Social Security benefits. Ms. Franklin covers the importance of being constantly vigilant on the accuracy of…

The Impact of Deferring Social Security Benefits

The Motley Fool’s Katie Brockman provides a review of the financial benefit–in terms of monthly payments–resulting from delaying one’s Social Security benefits until age 70, citing the “advantage” that accrues in the form of 8% delayed retirement credits each year. Her…

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