Social Security Questions? Ask a Social Security Expert
Hi from just answer. Great question. I'mCustomer
Benefits lost due to wage income do not just accrue for lump sum payment. They are used to increase future benefits, by increasing monthly payments once you can receive them. Your calculated benefit is reduced for claiming early, but the list benefits act to increase future monthly payments.
Since you can collect a full benefit at full retirement age regardless of your working, deferring still makes sense for the short period of early benefits you lose.
Thanks for asking at just answer. Positive feedback is appreciated. I'mCustomer