BBSinger wrote:I assume my new monthly benefit would be (1000*.8) + (1000*.16) this would be 800 + 160 = total of 960.

I beleive that the final benefit you are suggesting is incorrect.

Social Security POMS

RS 00615.692 Amount of Credit, subsection

A.POLICY states that Delayed Retirement Credits (DRCs) are added to the PIA

or the permanently reduced Retirement Insurance Benefit (RIB). Since your example involves starting monthly benefit amounts (MBAs) before FRA, you have a situation in which the DRCs are applied to the reduced RIB.

RS 00615.692 Amount of Credit, subsection

B.PROCEDURE supplies the formula to be used:

B.PROCEDURE wrote:To add DRCs use the formula below:

MBA times # of DRCs times .01 times fraction = credit

The monthly DRC fraction for people born after 1942 is 2/3%. (See the table in subsection

C.CHART.) So the monthly credit you will earn for the 24 months of DRCs is:

[$1000 x 0.80] x 24 x 0.01 x (2/3) = $128.

Thus your NEW Monthly Benefit Amount (ignoring inflation adjustments) should be $800 + $128 = $928.

Investment skill is often just luck in sheep's clothing.