Mar
25
2011
By Guest (not verified)
I am a 67.5 YO If I wait to 68 to begin receiving SS payments, how much will the payment change?
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Not affiliated with the US Social Security Administration
I am a 67.5 YO If I wait to 68 to begin receiving SS payments, how much will the payment change?
Not affiliated with the US Social Security Administration
Increase in Social Security retirement benefits with delay
In the case of early retirement, a benefit is reduced 5/9 of one percent for each month before normal retirement age, up to 36 months. If the number of months exceeds 36, then the benefit is further reduced 5/12 of one percent per month.
Delayed retirement credit is generally given for retirement *after* the normal retirement age. To receive full credit, you must be insured at your normal retirement age. No credit is given after age 69.
http://www.ssa.gov/oact/quickcalc/early_late.html