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Experts at Maximize My Social Security have answered more than 10,000 questions about Social Security over many years. Search for your questions and answers here.
Is It True That My Benefit Will Increase Now That I've Reached Age 70?
At age 67 I changed from survivor SS to my SS. I was told at that time that my SS would increase at age 70. If this is true when will I get my increase? I turned 70 October 22, 2019.
Hi,
I'm sorry to tell you this, but it sounds like you must have been misinformed. If you had waited until age 70 to switch to your own Social Security retirement benefits then your benefit rate would have continued to grow by 8% per year due to delayed retirement credits (DRC). However, once you start drawing your own benefits you stop accruing DRCs.
Best, Jerry
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Posted:
December 18, 2019