4 Compelling Reasons to Delay Your Social Security Application | Smart Change: Personal Finances

The SSA holds entire checks when you lose benefits due to a large paycheck. Finally, you are credited with early deposit penalties for the months you did not receive payments. This happens when your benefit is recalculated to reflect that at full retirement age. But breaking even from missed benefits can take years, and it’s often pointless to claim benefits early if you end up not getting most checks anyway.

If any or all of these four reasons apply to you, you should seriously consider filing for delayed Social Security benefits. It could make all the difference in your financial security as a retiree.

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