How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
A new question is answered every 9 seconds
Ask a Social Security question
Type Your Social Security Question Here...
characters left:
4 Social Security Experts are Online Now

Delayed Retirement Credits

Today people are living fuller lives and able to stay longer in the workforce. Social security has rewarded those that are able to hold out passed even the full age of retirement. Those who are able to postpone filing for social security benefits accrue delayed retirement credits. But what are delayed retirement credits and how do they work? Below are answers to common questions that have been asked of the Experts.

What are delayed retirement credits?

Delayed retirement credits are credits that are accumulate monthly from the month that an individual reaches the Full Retirement Age and the age of 70 and they have put off claiming retirement insurance benefits. It is also possible that a person may stop their payments after already having claimed retirement insurance benefits in an effort to accumulate delayed retirement credits that begin at full retirement age. Delayed retirement credits value will vary on the basis of the individual’s date of birth.

Can a person use their spouses benefits after the full age of retirement and then at age 70 claim their own benefit to accumulate delayed retirement credits?

As long as a person waits until they are of full retirement age, they will be able to draw spousal benefits that are equal to 50% of their spouses or ex –spouses benefit. An individual may draw from an ex-spouse as long as they themselves have not remarried. This can enable the individual to hold out on claiming their own benefits until the turn 70 years of age, and allows them to earn delayed retirement credits. When they reach full retirement age they may choose to continue with the spousal benefits or their own benefits whichever is higher. There may be a higher benefit received from their claim due to the delayed retirement credits. The important thing to remember is that an individual has to be full retirement age before applying for even spousal benefits.

Can an individual that has claimed social security benefits prior to the full age of retirement go back to work and earn delayed retirement?

If a person has claimed social security benefits prior to the full age of retirement and decides to return to the work force the need to understand that if they earn too much they may have to pay back benefits if they continue to receive them as they work. They can request that their benefit checks be stopped and if they are able to continue to have their benefits withheld until they reach the age of 70 then they will be able to accrue delayed retirement credits. The additional social security taxes along with the delayed retirement credits will increase their benefits when they do retire.

Can an individual receive survivor’s benefits while accumulating delayed retirement credits?

An individual may take survivor’s benefits and delay receiving their own retirement until the full retirement age to receive their full benefits or they may delay until the age of 70. If they are able to put off retiring until the age of 70 they will earn delayed retirement credits. The delayed retirement credits will increase their benefits up to a max of 32%.

Delayed retirement credits are available to those individuals that are able to delay claiming their social security until the age of 70. These delayed retirement credits increase an individual’s total benefits when they apply for their social security benefits. If an individual is able to continue to work up to the age of 70, not only are they able make any amount of money without a decrease in benefits, but they are also able build their benefits through delayed retirement credits.
Ask a Social Security question
Type Your Social Security Question Here...
characters left:
4 Social Security Experts are Online Now

How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
  • Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
  • He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX
 
 
 

Meet The Experts:

 
 
 
  • Ron

    ASE Certified Technician

    Satisfied Customers:

    21181
    23 years with Ford specializing in drivability and electrical and AC. Ford certs and ASE Certs
< Last | Next >
  • http://ww2.justanswer.com/uploads/FO/fordguy4u/2011-12-17_222940_HPIM1257.64x64.JPG Ron's Avatar

    Ron

    ASE Certified Technician

    Satisfied Customers:

    21181
    23 years with Ford specializing in drivability and electrical and AC. Ford certs and ASE Certs
  • http://ww2.justanswer.com/uploads/lyeung1/2010-07-25_032152_tn_IMG_0241.JPG Dr. Y.'s Avatar

    Dr. Y.

    Urologist

    Satisfied Customers:

    18386
    I am fellowship trained specializing in general urology and reconstructive urology.
  • http://ww2.justanswer.com/uploads/docjohn174/2008-12-13_170143_johnask.jpg John's Avatar

    John

    Home Appliance Technician

    Satisfied Customers:

    13453
    Appliance repair business owner for over 43 years.
  • http://ww2.justanswer.com/uploads/MU/multistatelaw/2011-11-27_173951_Tinaglamourshotworkglow102011.64x64.jpg Tina's Avatar

    Tina

    Lawyer

    Satisfied Customers:

    8488
    JD, BBA Over 25 years legal and business experience.
  • http://ww2.justanswer.com/uploads/dermdoc19/2010-09-30_160749_Photo_122807_015.JPG dermdoc19's Avatar

    dermdoc19

    Dermatologist

    Satisfied Customers:

    3846
    30 years practice in general and cosmetic dermatology
  • http://ww2.justanswer.com/uploads/BI/birddoctor/2012-6-22_173214_birddoctor.64x64.png Dr. Pat's Avatar

    Dr. Pat

    Bird Veterinarian

    Satisfied Customers:

    3384
    25+ years working primarily or exclusively with birds
  • http://ww2.justanswer.com/uploads/RY/rydergar/2012-6-6_192240_IMG0328.64x64.JPG Dr. Gary's Avatar

    Dr. Gary

    Cat Veterinarian

    Satisfied Customers:

    3299
    DVM, Emergency Veterinarian, BS (Physiology)
 
 
 
Social Security Questions By Month: