I AM 69 AND WORKING. I COLLECT SOCIAL SECURITY SINCE THREE YEARS. IN 2016 I MADE $40000.OO WAGES. WILL IT INCREASE MY BENEFITS?

Hi,

i am now almost eighty in 4 months been drawing social security since 62 i never thought I was being paid enough so after all these years I ask they told me that they would re figure it again I now get 1550 they take out 100.00 medicare end up getting 1450 I took 35 years of highest wages it came out to using their figures 1,047,652.00 does this seem it is correct i know taking it early u get a lower amount but i had pretty good salary

Hi,

hi....... just wanted to know if I'm supposed to be getting more on my social security check for being a veteran...thx................

Hi,

I am taking ss payments early at 62 but I have owned my own business for years and my accountants never paid into ss payments enough . Is there any way I can pay into the system now to increase my monthly benefits now?

Hi,

Hello Larry,

I am still working, turning 70 in October, and not drawing social security. Since I took my current job at age 66, I received a good increase in my salary. There have been no changes or increases indicated on my annual social security projections from the SSA for the last four years; and I am wondering if my future social security payments will reflect these higher earnings or if they will only be based on my earnings record until I reached "full retirement age." I have not seen this question anywhere and I thank you for addressing my issue and concern.

If I have made the maximum social security earnings for the past 35 years and I am financially secure outside of depending on my future social security benefits, does it make sense to work past 58. I am a FERs employee and plan to collect my social security @70. Is there any advantage to keep working to 62 & would I get a bigger benefit from social security? Love your book! thanks Steve.

Hi Steve,

I read that my Social Security will be less because I stopped working at age 63. Even if I don't start SS payments until age 70, the estimated amount is too high. For someone in the $40,000/year (inflation-adjusted) range for 40 years, is this a serious hit? Would going back to work increase my eventual SS?

Hi,

I am 53 . I want to quit work at 60 and wait till 67 to collect SS. How much will 7 years of no work affect my amount. What is the formula.
Also I plan on marring a woman who is 59 with no SS credits. Can she receive some if we are married and she turns 67.

Hi,

A friend of mine started receiving his social security benefit in August 2016. His 64th birthday was in December 2016, and he receives about $750 a month. He told me that someone said he would have received just as much if he had started his check in January 2016, because the payment is computed as of the end of the previous year. Is this true? I know that this is true for delayed retirement credits but that it is temporary. I know that, in the case of DRCs, eventually the full amount will appear in the monthly check, after it is computed at the end of the following year.