Ask Larry

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Will My Benefit Rate Go Up If I Keep Working Full-Time?

While taking ss benefits, will they continue to increase yearly if I continue to work on a full time basis?



Hi,

They probably will. Retirement benefits are based on an average of a person's best 35 years of inflation adjusted earnings. They can be recalculated after each calendar year, so if you keep working and earn more than one of your previous 35 highest years, your average earnings and benefit amount will increase. You can qualify for the recalculation, regardless of your age or benefit status.

Best, Jerry

Posted:
October 21, 2016