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Social security is usually one of the most important topics on the minds of retirees.
Deciding when to take your Social Security retirement benefits is a major decision. However, these dollars are not gone forever. They are paid back in the form of a delayed-retirement credit. In other words, reductions in current benefits are offset by an increase in future benefits. These credits increase the retiree's monthly benefits by 6 percent for each year of lost or delayed benefits.