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Social Security Bonus: Choosing Your Set

In summary, the Social Security Bonus is an additional benefit for individuals who delay claiming their Social Security retirement benefits until after reaching full retirement age. It is calculated as a percentage increase to the monthly benefit amount. To be eligible, individuals must have reached full retirement age and have enough Social Security credits. Choosing this option can result in a higher monthly benefit amount for the rest of one's life, but may have disadvantages for those who retire before full retirement age or have shorter life expectancies. There is no separate application for the bonus, as it is automatically received when claiming retirement benefits after full retirement age.
Swirl
229
I am in my 2nd ss month and will be eligible for the ss bonus for this month. my question is they have 3 diffrent sets..do you get to choose which one you want or does it go by line up 1-2-3 equaling the ss months? I really want the second one and since this is my 2nd month I was hoping it went like that. If this was not to confusing I would appreciate any help with this. thanks!!!!!
 
You do not get to choose. However, when your month totals more than 1250 you can bank those points and then when that bank reaches a certain amount (cant remember, think it is 1250) you get to choose from different bonuses. Hope that makes sense.
 
Yes
Swirl said:
I am in my 2nd ss month and will be eligible for the ss bonus for this month. my question is they have 3 diffrent sets..do you get to choose which one you want or does it go by line up 1-2-3 equaling the ss months? I really want the second one and since this is my 2nd month I was hoping it went like that. If this was not to confusing I would appreciate any help with this. thanks!!!!!

Stacy,

Yes you do get the 2nd SS because it is your 2nd month! Way to go!! Keep up the good work!
 
  • Thread starter
  • #4
Thanks girls!!! I love this web site, where else can you get answers so fast from people who really care. I value each and every one of you...thanks!!!
 

Related to Social Security Bonus: Choosing Your Set

What is the Social Security Bonus?

The Social Security Bonus is an additional benefit that can be received by individuals who delay claiming their Social Security retirement benefits until after they reach full retirement age (usually between 66-67 years old). This bonus is calculated as a percentage increase to the monthly benefit amount.

How do I know if I am eligible for the Social Security Bonus?

You are eligible for the Social Security Bonus if you have reached full retirement age and have not yet claimed your Social Security retirement benefits. You must also have enough Social Security credits to qualify for retirement benefits.

What are the advantages of choosing the Social Security Bonus?

Choosing the Social Security Bonus allows you to receive a higher monthly benefit amount for the rest of your life. This can be especially beneficial for individuals who have longer life expectancies or who have not saved enough for retirement.

Are there any disadvantages to choosing the Social Security Bonus?

One potential disadvantage of choosing the Social Security Bonus is that you will have a lower monthly benefit amount if you choose to retire before reaching full retirement age. Additionally, the bonus may not be as beneficial for individuals with shorter life expectancies.

How do I apply for the Social Security Bonus?

If you are eligible for the Social Security Bonus, you will automatically receive it when you claim your Social Security retirement benefits after reaching full retirement age. You do not need to submit a separate application for the bonus.

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