Retirement Benefits

Will My Benefit Amount Be Reevaluated Annually To Include My New Salary?

I start ed taking my SS benefits at full retirement age. But i started a new position with a salary increase. Will my SS benefits amount be reevaluated up annually to include my new salary?

Hi,

Yes, your Social Security retirement benefit rate can be recomputed following any year in which you have Social Security covered earnings. Your earnings would have to be higher than in one of your previous 35 highest wage- indexed earnings years in order to result in a benefit increase, however.

Is It True That They Look At Your Past 5 Years To Determine Your Benefit Rate?

My spouse died before I turned 60. He was receiving social security benefits. I remarried before I started collecting widow benefits. Now at age 65 I am receiving disability as at a discounted rate, because my husband receives disability ss and I am receiving a payment from worker compensation. just received a letter from ss saying they were taking me off of disability and putting on retirement ss. Is it true that they look at your past 5 years to determine your monthly benefit. Can I still receive my deceased husband's benefits? I am still disabled and cannot work.

Can I Do Anything To Receive My First Payment In November?

Hello,
I turn 62 this year; October 13, 2019. I have applied for early benefits and have been approved.
Before I applied I called SS and was told that if approved for benefits they would begin in November.
I received my approval letter and it stated that benefits would begin in December (about December 18).
Can I do anything to receive my first benefit payment in November?

Thank you,
Gregg

Hi Gregg,

Would I Increase My Social Security Benefit By Working Until December Of Next Year?

I plan to retire next year. I will be 70 next August. I'm employed and collecting social security now.
My social security benefit has been going up each year because i'm replacing the top earning years now against my lower income years..
The question is: Would I increase my social security benefit by working until December of next year or is the benefits calculated on my income up to my birthday in August.

Hi,

What Earnings Years Can Be Used In Calculating My Benefit Rate?

When figuring out the highest 35 years for the AIME, using indexing, some of my years before I turned 22 are higher than the years now as I approach my 35 years. In researching if the income can be included, some information on SSA shows that only the years after you turn 22 are calculated in the AIME but most articles on the Internet do not specify 22 and it looks like all income earned in any year of your life can be used.

Would It Be Smarter Financially To Not Work At All?

Hi Larry, my question is along the lines of an earlier one with a slight twist. I retired early (age 48) from a well-paying job (around 100K/year for the last five years of work), so didn't have 35 total years in the workforce. I'm now 52 and took a part-time, minimum wage job as a AVID Tutor not because I need the money, but because I want to give back for my education. Will this low-paying job reduce my Social Security Benefit when I take the retirement benefit (planned at age 67)? Would it be smarter financially to not work at all? Thanks!

Hi,