Ask Larry

How Can I Increase My Benefit?

I STARTED MY SOCIAL SECURITY AT 62. I'M 70 NOW AND ONLY GET 549.00 AND I DIDN'T STOP WORKING AT 62 AND I'M STILL WORKING SOME 8 YEARS LATER. CAN I RECEIVE MORE? Thanks, Cal

Cal, you can suspend your retirement benefit between now and 70 to receive an 8% per year increase, which will be calculated and applied by the month. The downside of this is that you wouldn't receive any benefits while your retirement benefit is suspended. Thanks, John

Posted: 
Jun 30 2016 - 8:30pm
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