Delayed Retirement Credits
RetirementIncreased Social Security benefits for delaying claims past full retirement age, growing by 8% per year until age 70.
Example
Example: For someone with $300,000 in retirement savings planning to retire at 65, delayed retirement credits directly affects their strategy. Since it involves increased social security benefits for delaying claims past full retirement age, growing, understanding this concept could mean an extra $50,000-$100,000 in retirement assets. Plan with our retirement calculator.