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Does Working Increase My Social Security Benefit? - Forbes
Most Americans who focus on retirement planning know that delaying Social Security until age 70 will yield the maximum monthly benefit amount. But, is that really the maximum? What if you claim Social Security at age 70 and you continue to work and contribute to Social Security from your earnings – will that get you a higher Social Security payment? These are very valid questions, especially these days when working beyond age 70 is a fairly common phenomenon, and the answer is “maybe.” Whether today’s earnings will cause an increase to your SS benefit depends upon whether those current earnings are more than any of those used to originally compute your benefit, as explained in this Forbes article by Certified Financial Planner David Rae. Click here to read more.
Also, if you’re unsure about your individual situation under Social Security or have questions about your personal benefit entitlements, note that the AMAC Foundation provides an independent free-to-the-public Social Security Advisory service to help Americans navigate the complexities of this program. Learn more about it here…