MissMolly
Thinks s/he gets paid by the post
- Joined
- Jun 9, 2010
- Messages
- 2,142
actually, ** NO **
if you read the POMS I cited, and it was shown that that WAS the correct situation in a Bogleheads thread by one of the contributors that wrote the program on when to apply for SS, if you apply in JAN, then the DRC's actually don't get credited until the NEXT YEAR !!
(note that it says the january AFTER you apply for benefits!!)
THAT'S why I'm planning on starting on either OCT/NOV of the year (just after FRA)... I'd get the DRC's credited in the new year (JAN...for FEB payment), get the inflation factor also credited in January.
(I've got the slightly lower PIA, but have been deferring for higher SS and to allow for Roth conversions.)
If you read the one I cited it says this:
"(c) When is the increase because of delayed retirement credits effective?—(1) Credits earned after entitlement and before the year of attainment of age 70. If you are entitled to benefits, we examine our records after the end of each calendar year to determine whether you have earned delayed retirement credits during the previous year for months when you were at or over full retirement age and you were fully insured and eligible for benefits but did not receive them. Any increase in your benefit amount is effective beginning with January of the year after the year the credits were earned."
So applying in to start in January would get you all your DRCs for the previous year.