Social Security Report

Understanding Delayed Retirement Credits (DRCs)

The term “Delayed Retirement Credits” is frequently explained as a great way to maximize one’s lifetime Social Security benefits. That’s a true explanation, but what needs to be clearly understood is the manner in which DRCs are calculated and applied to the monthly income stream of those that take advantage of the option. Rich White of BenefitsPRO explains the process in some detail in an article published on www.benefitspro.com, and also touches on the related impact on spousal benefits. Read his article here…

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