Can I Suspend My Retirement Benefit If I Return To Work?

Jun 2 2016 - 11:30pm

I started receiving benefits at 65 back on 1/2/2015. I am going back to work. Can I suspend payments and start rebuilding and increasing my earned income and retire again at 70 with a bigger benefits payment? best, Tom

Tom, You can't suspend until you reach 66. But if you earns enough, you lose all your benefits to the earnings test and your benefits will be adjusted upward at full retirement age (based on the Adjustment of the Reduction Factor provision) such that it will be effectively the same as if you suspended at the time you went back to work. best, Larry