What will happen to delayed retirement credits if you suspend your payments at FRA?

When you reach your Full Retirement Age (FRA) and then decide to suspend your Social Security benefits, delayed retirement credits will continue to accumulate. This means that for every month you suspend your benefits after reaching FRA, your eventual benefit amount will increase by a certain percentage, enhancing your financial security when you resume payments.

The option stating that they will not accumulate is incorrect because the accumulation of delayed retirement credits is a key feature of Social Security that incentivizes individuals to delay claiming benefits past their FRA. Similarly, the idea that delayed retirement credits will be lost permanently does not align with the provisions of Social Security, which encourages the earning of credits through continued postponement. The choice indicating that they accumulate but only for a year also does not reflect how delayed retirement credits function; they actually accumulate until age 70, which is when you would reach the maximum benefit based on your earnings record.