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Old 04-10-2016, 09:37 AM
Location: Idaho
1,456 posts, read 1,158,755 times
Reputation: 5523


Originally Posted by Linda_d View Post
Once past FRA, I don't think filing month matters much. File the month you turn FRA or age 70, and you'll get your check the next month.
Linda, my understanding is that the potential lost of some DRCs if you don't file in January still matter after FRA. By definition, delayed retirement credits mean filing after FRA.

As shown in the SS rules which I posted earlier, between FRA and up to (not included) 70 years cases, when you apply for SS, the payment will be based on DRCs calculated on December of the year before. For example, if you file in June this year, your payment does not include the DRCs that you earned from Jan until the end of the year. These DRCs will only be counted starting January next year. In effect, you lose 5 months of DRCs in your monthly payments for 7 months.

Only when one files at 70 that the DRCs is calculated up to the month of your birthday. The payment (effective the 1st day of your birth month) but not paid until next month includes ALL DRCs and not just the DRCs calculated at the end of December the year before.

I find it puzzling or even ridiculous that SS rules are so complex and needlessly vary for different age group. With digital record and computers, how much time that it takes to calculate up to date DRCs for everybody and not just the people who has reached 70? Maybe some green eyeshade accountants had done some calculations that the gov. will save a bundle of money by making the rules complex !!!

I have done quite a bit of googling and could not find any official information on whether this lost DRCs are reimbursed. All the articles and discussions that I have read all seemed to confirm that UNLESS one plan to delay collecting SS until 70, one should not start collecting in the middle of the year, and it's best to start in January to ensure getting full DRCs.

Bottom line is that mathjak107's original answer to OP's situation (which is the same as my husband's situation) is not correct since the question is whether to collect SS on December (the month they turns 70 or next January). However, his advice of waiting until January is correct for the other cases of collecting SS payments with DRCs (i.e. AFTER FRA and BEFORE turning 70).

Last edited by BellaDL; 04-10-2016 at 10:39 AM..
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Old 04-10-2016, 10:00 AM
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my answer as not replying to the op's situation . but it is replying to a situation that exists when trying to time when to take it between fra and before 70
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