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Will I receive more benefits if I delay my retirement?

Some people decide to continue working full-time beyond that retirement age. In that case, one can increase their Social Security benefit in two ways:

•Each additional year a person works adds another year of earnings to their Social Security record. Higher lifetime earnings may result in higher benefits when one retires.
•In addition, a person`s benefit will be increased by a certain percentage if he/she delays retirement. These increases, called delayed retirement credits, will be added in automatically from the time one reaches full retirement age until that individual starts taking benefits or reaches age 70.

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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified elder lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local elder attorney to discuss your specific legal situation.

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