What  is Delay & Gain?

Throughout most of our working lives, we often dream of retirement and its promise of freedom from strict schedules, traffic jams, demanding jobs, overbearing bosses, difficult co-workers, physically tiring work, boredom or lack of wage growth.  The reasons to retire as soon as possible can easily pile up during a working life that spans decades. For many workers, the strong desire to stop working may cloud their decision about when it’s best, financially speaking, to call it quits. This could cause retirees, particularly women, to lose thousands of dollars of Social Security income over the course of their retirement, placing them in potential financial peril.

The Delay & Gain education project is for older workers who are nearing retirement. Our goal is to help near-retirees make informed, financially sound choices through an understanding of the increased Social Security benefits gained by a delay in filing their claim.

Video: How to Receive a Larger Monthly Benefit

Learn why deciding when to claim Social Security retirement benefits is one of the most important decisions a worker will ever make – and how delayed claiming can really pay-off in the long run.

Helpful Reading

Tampa Bay: Retirees’ Biggest Money Regrets

About 1 out of 3 Social Security recipients apply for benefits at the earliest age, which is 62. It’s often a mistake. Benefits grow by a guaranteed 5 to 8 percent each year that the applicant delays.

Social Security: How Much More Will I Get if I Wait?

There’s little denying the importance of Social Security for retired workers. According to a recent survey from Gallup, 57% of current retirees lean on their retirement benefits as a “major” source of income, with 90% needing their payouts in some capacity to make ends meet.

Social Security: the ‘Break-even’ Debate

In the example in the article, a 65-year-old who is slated to receive $12,000 a year from Social Security could, by waiting until 66 to sign up for benefits, get $12,860 a year instead. By comparison, it would cost quite a bit more – about $13,500 – to buy an equivalent, inflation-adjusted annuity in the private insurance market that pays that additional $860 a year.

What Millennials Get Wrong about Social Security

Few issues unite millennials like the future of Social Security. Overwhelmingly, they’re convinced it doesn’t have one.

2 Easy Steps to Create Retirement Income That Lasts

An academic center studying longevity and a professional body dedicated to managing the risks of aging think they have a solution to what economist and Nobel laureate William Sharpe has called the “nastiest, hardest problem in finance”: turning retirement savings into a predictable stream of income over a period that could span years or decades.

Why You Should Consider Working Longer and Delaying Social Security Benefits

The single most effective way to maintain your standard of living in retirement is — ta-da! — not to retire. Or at least, not to retire as soon as you planned.

How To Choose The Best Social Security Option

Getting my Social Security statement every year reminds me of an old Tom Petty lyric: “the waiting…is the hardest part.”

WDRB TV  Louisville, KY

Point of View | It Pays to Wait on Social Security

It’s tempting for some to retire early and start taking social security benefits at age 62, but if you can wait, that is the smart move. The average Social Security benefit in Kentucky is roughly $16,000 per year. Even with Social Security, some 13% of Kentucky seniors live in poverty.

Taxes and Finance: How to Maximize Your Social Security

You can begin receiving your Social Security retirement benefit as early as age 62. But by putting off your benefit start date you can receive a check that is 8% higher for each year you delay receiving your benefit.

When is the Best Age for Americans to Claim Social Security?

Read this article by NCPSSM President and CEO, Max Richtman, as he discusses the benefits of delayed claiming.

Calculate the Best Time to File Your Claim

The Social Security Administration has provided an online calculator to help beneficiaries learn what their benefit will be depending on when they file their claim.

Frequently Asked Questions

Read what others are asking about delaying their benefits and ask your own questions.

What is the maximum monthly Social Security benefit one can receive? (click through for answer)


A collection of radio interviews discussing the benefits of delayed claiming.

The Opposite of Ideal: Social Security Claiming Decisions, by percentage of retirees at each age