Archive - November 28, 2010

When To Apply For Social Security Benefits

When To Apply For Social Security Benefits

We’ve covered the concept of the benefit to you in delaying your Social Security application in another article, but did you realize that even delaying a few months can have a significant impact on your benefit?  This is the case for all benefits, whether taking them before FRA or after – as your age is always calculated by the month, with increase or reduction factors applied for each month of delay or early application, respectively.

Early Application Factors

For each month prior to your Full Retirement Age (FRA), a reduction factor is applied.  For the 36 months just prior to …

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