Yahoo Finance
Social Security allows voluntary suspension at FRA to earn 8% annual delayed retirement credits until age 70 but requires breaking even by age 82.5 to justify 36 months of foregone checks.
Someone still earning consulting income benefits most from suspension because their checks would be partially taxed anyway, while spousal dependents and Medicare premiums require separate analysis before filing.
The analyst who called NVIDIA in 2010 just named his top 10 AI stocks.Get them here FREE.
A woman turns 67 and realizes something uncomfortable.
She started Social Security five years ago at age 62, locking in $1,800 a month, and the consulting work she expected to wind down is still going strong.
The check arrives every month, gets taxed, and funds nothing in particular.
On a popular retirement forum, a reader described almost exactly this situation and asked whether there was any way to undo the early claim now that the income was no longer needed.
The answer most people miss: at full retirement age (FRA), there is.
Voluntary suspension is the rule that makes this possible.
It differs from withdrawing a claim, as that option closes 12 months after benefits start, and from the old file-and-suspend strategy that post-2016 rule changes tightened for spousal coordination.
Voluntary suspension itself, governed by SSA POMS GN 02409.110, is alive and well.
Anyone at FRA or older can pause their checks and earn delayed retirement credits until age 70.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | ▲ +0.34% |
| WTI Crude | $96.90/bbl | ▲ +0.21% |
| EN590 Diesel | $846/MT | ▲ +0.18% |
| Jet Fuel A-1 | $1090/MT | ▲ +0.55% |
| Mazut M100 | $450/MT | ▼ -0.15% |
| Bitumen 60/70 | $470/MT | ▲ +0.08% |
| Sulphur Gran 99.5% | $470/MT | ▼ -0.44% |
| Urea 46% Gran | $650/MT | ▲ +1.12% |
| NPK 16-16-16 | $460/MT | ▼ -0.28% |
| Nat Gas TTF | $15.42/MMBtu | ▲ +0.92% |
Price alerts · Industry news
Comments
Post a Comment