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Utilizing Social Security Strategies Can Pay

Have you started receiving Social Security benefits and later wished you hadn’t? This sometimes happens among those who return to work and no longer need the income or have other income sources and would now prefer that their Social Security benefit build “delayed credits” to age 70. There are ways to make this happen.

Under the Voluntary Suspension Rules, you can ask to have your benefit suspended starting at your Full Retirement Age (FRA). If your Primary Insurance Amount (PIA) was $2,800, but you claimed your benefit at age 62, that will give you a reduced benefit of $2,100 per month. If you wait until FRA 66, suspend your benefit and receive zero Social Security income from age 66 to 70, when you turn 70 your benefits are automatically resumed at $2,772 ($2,100 x 1.32) plus any cost-of-living adjustments (COLAs) had accumulated since age 62. Note: delayed credits are applied to the benefit amount at the time of suspension, whenever that may be.

To learn more about claiming strategies please click here, or visit: To schedule a no-obligation appointment, please contact: / 845-627-8300.

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