Ask Larry

Retirement Benefits

Should I Take My Social Security Benefits Earlier Than Age 70?

Hi Larry. I am currently 68.5, financially comfortable, single, and without a significant longevity gene. I have been planning to take Social Security at age 70. However, there’s quite a bit of chatter online about increasing the retirement age which would could reduce the payout at 70. Should I take Social Security earlier, perhaps at 69? Or is it likely safe to wait until 70? Thanks a bunch.


Friday, January 15, 2021 - 10:14

How Will It Impact My Benefits If I Go Back To Work Part-Time?

I quit my engineering job a year and a half ago to stay home and take care of our child. My husband continues to work full time. If I go back to work part time, how will that impact my social security benefits? I am wondering if it would be better for me to stay home until I can go back to my engineering job full time or if working part time in a lower paying job for a few years wouldn't hurt my social security benefits. I am over 50. Who should I seek out to get help with retirement planning? Thank you


Sunday, November 8, 2020 - 08:05

Why Did My Wife And I Receive An Extra Deposit This Month?

Social deposited $114.00 in my wifes name and $327.00 in my name on October 19th , 2020 what was this for?


There are a number of reasons why you may have received an extra payment from Social Security. It's likely an adjustment payment of some sort, and the most common types of adjustments are caused by automated recomputations to include additional earnings.

Thursday, October 22, 2020 - 09:15

How Can I Calculate My PIA?

I was born in 1951
How can I calculate my PIA and does the amount increase if I don’t start claiming benefits until age 70
From age 66 to 70 I have continued to work and my wages exceed the maximum social security wage amount
thank you


Monday, October 19, 2020 - 08:44

What Should I Do?

Hello Sir;
I will be receiving $1200/ month as a pension from my job when I retire soon at age 70. Will this reduce my monthly social security benefits.
Another question:
I am still working at age 69, but I did not get any credits in my social security benefits since I reached age 66. I just got the 8% increase in January. I called SSA, but no body gave me a convincing anser. What Should I do.
Thanks for your help.


Monday, October 12, 2020 - 09:48

Will My Benefit Rate Go Up Because Of My Future Earnings?

I drew my Social Security at age 65 and took a cut of 1 year. I am still employed and making more than i did before. My question will my benefit payment goe up in future earnings at all


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 could only increase your benefit rate if they're higher than one or more of the 35 years currently being used to calculate your benefit rate.

Best, Jerry

Tuesday, August 25, 2020 - 14:50
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