Tag Archives: social security filing

How would Americans who are not married, benefit from suspending their monthly retirement benefits after filing for Social Security at their Full Retirement Age (FRA)? The biggest reason why a single person might want to do this is to benefit from the 8% annual delayed retirement credits until they reach age 70. This will give them up to a 32% boost in lifetime SS income. Plus when COLA’s (cost of living adjustments) are applied, the actual monthly income grows faster on a larger check than it does a smaller one. … Continue reading