Are all of the Social Security Statements available on My Social Security incorrect? The SSA revised the statement that can be downloaded from the My Social Security website about 1 year ago. It now shows the amount of future benefit amounts at FRA, 67, 68, 69, and 70. It is correct at FRA and 70, but it is understated at 67, 68, and 69 by a significant amount.

Hi. I have no way of knowing about the accuracy of benefit estimates that Social Security provides online. However, you could use the benefit calculator that's included in our software (https://maximizemysocialsecurity.com/purchase) to get accurate benefit estimates.

I don't know if this has anything to do with what you're referring to, but if a person applies for benefits between full retirement age (FRA) and age 70, they don't immediately receive all of their delayed retirement credits (DRC) unless they claim benefits effective with the month of January or the month they reach age 70. If you start drawing benefits between FRA and age 70, Social Security initially only gives you credit for any DRCs that you earned through December of the year prior to the year you start collecting. Any DRCs earned in the year that you start drawing benefits are subsequently credited effective with your payment for January of the year after the year you initially claimed benefits.

Best, Jerry