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question on delayed credits after fra
Old 04-09-2016, 09:42 AM   #1
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question on delayed credits after fra

i see that all calculations for delayed credits are calculated in january after you file .

but if hypothetically i retired in july at 68-1/2 to pick an age , my checks for the rest of the year include no delay credits from the current year .

comes january my check will be recalculated to a rate that reflects 68-1/2 .

but i see nothing that says you ever get back the difference in the checks from the previous year that were at the older rate .

i remember reading something that said this is a gotcha and you never get that difference unless you always initially file in january instead of mid year .

i can't find a thing so far either way as to what happens with the money you never got on the august to december checks.

the ss website just talks about how they look at your delay credits in january and adjust you but no mention of the money you did not get at the higher rate on previous checks since you were not recalculated yet .

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Old 04-09-2016, 10:08 AM   #2
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No, there is no retro-active catch up. You simply ratchet up to the correct amount.
Here's an earlier thread.If you think you might start SS after FRA but before age 70

I'm not sure if I mentioned it there, but when we went in to file and suspend, I asked the SS employee this specific question. He was pretty new, so he got one of the more experienced people who agreed with the "no catch up" interpretation.

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Old 04-09-2016, 10:21 AM   #3
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it is funny , i first heard in the discussion you posted but i just couldn't remember where .
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Old 04-10-2016, 04:12 AM   #4
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here is another social security gotcha . it seems if you don not look at the form carefully the default is a 6 month retro after fra that wipes out some delayed credits

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