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Working in Retirement? Will it Bump Up Your Social Security Benefit?
Maybe, maybe not. More to the point, probably not. A post on Community99.com provides an analysis of, first, how the benefit calculation takes place when you file for Social Security, and then how earnings after beginning to draw retirement benefits can affect the amount of your monthly benefits. It’s a natural assumption that continuing to pay payroll taxes as you earn in retirement will boost your benefits, but many overlook the inflation indexing process used by SSA to set your initial benefit. For a review of the process, check out the Communty99.com post here…