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Re: Monthly benefit with DRC [Soc Sec:Delayed Retirement Cre

Thanks for the reply. This is the point that I was confused on.

Is the DRC a percentage of the PIA, then added to the reduced RIB or is the DRC a percentage of the reduced RIB.

You appear to think it is the latter, I was not sure, thanks for the reply.

Bob
by BBSinger
Mon May 13, 2013 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Monthly benefit with DRC [Soc Sec:Delayed Retirement Credit]
Replies: 2
Views: 383

Monthly benefit with DRC [Soc Sec:Delayed Retirement Credit]

Assume I have a PIA of 1000 per month, my FRA is 66 and I take my benefit at 63. This would reduce my benefit by 20% to 800 per month. I then suspend benefits at 66 for two years earning 24 months of DRC which equates to a 16 percent increase. I assume my new monthly benefit would be (1000*.8) + (10...
by BBSinger
Fri May 10, 2013 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Monthly benefit with DRC [Soc Sec:Delayed Retirement Credit]
Replies: 2
Views: 383

lThis is exactly the information I was looking for and it actually makes sense to me. Tlhank you for your time in answering my question.

BBSinger
by BBSinger
Fri Sep 02, 2011 10:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this [Social Security] claiming strategy legal
Replies: 8
Views: 1331

Is this [Social Security] claiming strategy legal

Dan - 65 years old, assume FRA of 67, PIA = 2000/month Dawm - 62 years old, assume FRA of 67, PIA = 800/month Dawn files for RIB at 62 and recieves 70% of 800 or 560/month (Since Dan has not filed yet Dawn is not deemed to have filed for a spousal benefit because she is not eligible.} Dan - files fo...
by BBSinger
Fri Sep 02, 2011 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Is this [Social Security] claiming strategy legal
Replies: 8
Views: 1331

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