Hi Larry, I'm 65 years old, collecting soc sec benefits and currently working part time. As I continue to work and pay taxes, do my soc sec benefits increase from year to year?

Thank you,

Juan

Hi Juan,

Possibly, but only if you earn more in a year than you did in one of your previous highest 35 years of Social Security covered wage-indexed earnings . 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 only increase a person's benefit rate if they're higher than one or more of the 35 years currently being used to calculate the person's benefit rate.

Best, Jerry