Ask Larry


What Can I Do To Make Sure That Social Security Computed By Benefit Amount Correctly?

I retired at 62 and applied for SS benefits, i am 68 now but my relatives keep telling me that I get a lot less then they get and that there must be an error on my calculation of my benefits by SS. What can I do or who can I contact to make sure they did it correct?


Saturday, January 9, 2021 - 16:37

How Do I Ask For A Recalculation?

Hello Larry, I retired at 68 in October, 2018. I earned 59K in 2019, 30K more than one of the years included in my 35 year look back. I was told by a social security representative that this amount would not make much of a difference in a recalculation of my benefit and would not qualify for a reconsideration. Is this true? If not, how does one proceed in asking for a recalculation?


Monday, December 7, 2020 - 11:33

Will My Benefit Rate Be Recalculated?

I filed for benefits at age 66, benefits became effective in February 2020. I am currently receiving the maximum FRA benefit for 2020. I am still working and exceeding the FICA limit. I understand that the maximum benefit will increase in 2021. Since I am still working, will my benefits be recalculated which could allow me to again get the maximum amount in 2021 which I believe is $3,113?


Monday, December 7, 2020 - 11:23

Will My Higher Earnings Initiate A Benefit Recalculation?

I have earnings now (post-retirement) that are likely enough to replace some of the lower earning years currently included in my benefit calculation. Will those years initiate a benefit recalculation and a possible retro adjustment, even though I am now well into my retirement period. I am currently just shy of 72 and I did not take my retirement benefit until age 70.


Thursday, November 26, 2020 - 10:02

Who Is Right, Me Or The Social Security Employee I Spoke With?

I just got off the phone with our local social security office. I explained to the agent that I have continued working after retirement, and the last few years I saw an increase in my social security payment , for instance 2018 displaced one of the 35 years social security used to arrive at my current payment. The agent told me that was not true, that once I retired whether I continued to work or not, my benefit was not recalculated, that I was locked in, that what I was seeing was a cost of living increase.

Thursday, November 19, 2020 - 10:58

Should I File A SSA-561?

I was born in October, 1949. I was able to do a file and suspend before the deadline in April 2016. In March 2018 I received a letter from Social Security that my potential benefit had increased to $3,240.10 to give me credit for the past months that I had delayed receiving retirement benefits. Later in 2018 I started benefits and received my first check on 10/17/2018.

I have not received credit or benefits for the period January through October 2018.

Having read your answers to others regarding delayed retirement credits, I have been patient.

Saturday, October 31, 2020 - 09:38

Should Social Security Pay Me Back Pay?

I have received a letter from social security stating "we changed your monthly benefit to $_______ as of October 2020. We found that your prior amount was incorrect. We changed your benefit amount to give you credit for your earnings. We did not include these earnings when we figured your benefit amount before."
The amount difference is about $48 more a month. My question is should they probably be going back & giving me this amount from the beginning when I started drawing social security???? Please advise.


Monday, October 26, 2020 - 17:01

Do You Know When SSA Might Catch Up With Recomputing Benefits?

I began receiving SS at my full retirement age while continuing to work. Each March I have received an additional bump when they update my earnings from the previous year. Our tax returns have always been filed the first of February, however, I have not yet received that bump from working all of 2019, my highest earning year ever! I suppose this has been due to COVID-19 furloughs. Do you know when the SSA might catch up? Thanks


Thursday, September 3, 2020 - 10:08

Should Social Security Have Adjusted The Rate Of Benefits I Collected Prior To FRA?

Hi Larry, Back on October 19, 2017 I submitted a question that you filed under "Recomputations"
"When Will My Benefit Rate Increase ................. Benefits Were Suspended"
Well. Now I am 67 in May 2020, they just did the adjustment, sent a letter and did a one time payment.
You called it a AFR, Reduction Factor Adjustment back in your 2017 answer.

Wednesday, August 19, 2020 - 09:32
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