Deciding when to claim Social Security can be confusing but, rather than actually analyzing options, a majority of beneficiaries claim at the earliest age of 62. Then, some years after collecting reduced Social Security benefits because they claimed early, it’s fairly normal to second-guess that decision to not wait longer to claim a higher amount. Some, however, don’t understand that the decision on when to claim is permanent, and believe that they are saving Social Security money because they claimed early. Thus, they believe, they should be entitled to an increase after a certain number of years. Such is the case with this beneficiary who wrote lamenting that his SS benefit doesn’t eventually increase after a while because they’re saved Social Security money. Only problem is, this writer didn’t correctly do his math – at age 75, he has still collected more Social Security by claiming at 62 than he would have if he had waited until his full retirement age to claim. All of this is explained in this Encored version of a past Ask Rusty article. See Rusty’s written response at this link or listen to Rusty’s response here.