Sentences with phrase «delayed retirement credits on»
If you submit a request to suspend your benefits to earn delayed retirement credits on or after April 30, 2016, you will not be able to receive auxiliary benefits on someone else's Social Security record.
https://www.ssa.gov/ Not exact matches
If you wait until your normal retirement age to collect benefits, you can claim spousal benefits only on your ex's earnings record while your own benefits earn delayed - retirement credits.
Because you can't file for benefits on their record until they do, this would allow them to continue earning delayed retirement credits, but would also allow you to file for spousal benefits.
On the other hand, if your husband delays receipt of benefits until age 70, he earns delayed retirement credits and he locks in a benefit that is 32 % higher than the amount he receives at full retirement age (age 66) and 76 % higher than the benefit he would have received had he started taking benefits at age 62 (Source: Social Security Administration).
Found buried on the 150th page of the 214 page, $ 3.9 trillion budget, was this key sentence: «In addition, the budget proposes to eliminate aggressive Social Security - claiming strategies, which allow upper - income beneficiaries to manipulate the timing of collection of Social Security benefits in order to maximize delayed retirement credits.»
Preparations for retirement such as working on decreasing expenses, reducing the use of credit and rethinking our investment style for the fixed income years will be delayed.
Waiting to claim on your own record provides delayed retirement credits for each year after full retirement age (FRA).