As clear an explanation that you provided, I am still a bit confused about the particulars in exactly what to expect. "DRCs for the years before you turn 70 are credited to your account in January of the following year. In the year you reach age 70, DRCs are also credited to your account in the month you turn 70." For example, My Social Security site states that at 67 one would get $3300/month if one applied in ANY month of 2022. Apply in January of 2022 one gets $3300. Apply August 2022 one gets $3300/month. Apply January 2023 the payment raises to 3450/month. What happened to the 8 months of 2022 that were not accounted for the DRC? Would it then be resolved the following January with a larger check? And if that is the case, would the amount shorted September-December in the previous year be resolved? Governmentease is hard for most people to fully wrap one's head around.
Comments:
As clear an explanation that you provided, I am still a bit confused about the particulars in exactly what to expect. "DRCs for the years before you turn 70 are credited to your account in January of the following year. In the year you reach age 70, DRCs are also credited to your account in the month you turn 70." For example, My Social Security site states that at 67 one would get $3300/month if one applied in ANY month of 2022. Apply in January of 2022 one gets $3300. Apply August 2022 one gets $3300/month. Apply January 2023 the payment raises to 3450/month. What happened to the 8 months of 2022 that were not accounted for the DRC? Would it then be resolved the following January with a larger check? And if that is the case, would the amount shorted September-December in the previous year be resolved? Governmentease is hard for most people to fully wrap one's head around.
Post: Paid to Wait
Link to comment from June 8, 2022