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If my projected Social Security benefit is larger than the maximum monthly benefit, can I still take advantage of delayed retirement credits?

Yes. The maximum benefit is for those who have reached full retirement age (FRA), which is currently 66 and is gradually rising to 67 over the next several years, and whose work income exceeded Social Security's maximum taxable earnings for at least 35 years. If your projected monthly benefit is $2,788 — the maximum monthly benefit for someone reaching full retirement age in 2018 — you can still take advantage of delayed retirement credits between FRA and age 70. So you would technically receive more than the maximum amount.

Published October 10, 2018

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