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Will My Benefit Rate Go Up Because Of My Future Earnings?
I drew my Social Security at age 65 and took a cut of 1 year. I am still employed and making more than i did before. My question will my benefit payment goe up in future earnings at all
Hi,
Social Security retirement benefits are based on an average of a person's highest 35 years of Social Security covered wage-indexed earnings, so additional years of earnings could only increase your benefit rate if they're higher than one or more of the 35 years currently being used to calculate your benefit rate.
Best, Jerry
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August 25, 2020