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Delayed Retirement |
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If you were born in 1935 or 1936, |
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Your full retirement age is 65If you started receiving benefits at age 65 you would get 100% of your monthly benefit. If you delay receiving retirement benefits until after age 65, your monthly benefit continues to increase. The chart below explains how delayed retirement affects your benefit. The increase is based on your date of birth and the number of months you delay the start of your retirement benefits. If you start receiving retirement benefits at age
When you reach age 70, your monthly benefit stops increasing even if you continue to delay taking benefits. Here's An Important Point: If you decide to delay your retirement, be sure to sign up for Medicare at age 65 In some circumstances, medical insurance costs
more if you delay applying for it. |
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Here's An Important Point: If you decide to delay your retirement, be sure to sign up for Medicare at age 65 In some circumstances, medical insurance costs more if you delay applying for it. |
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Last reviewed or modified Friday Sep 12, 2008 |