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Retirement Benefits

Which Month Should I Start My Retirement Benefits In Order To Receive My Maximum Monthly Rate?

Hi. I have looked for an answer to this and can't find it. Even talking to Social Security they were too focused on when the first check would be sent to actually answer my question.

I turn 70 on July 8. I've read on the SSA website some bits of information that says you have to be 70 for the entire month.

Tuesday, May 5, 2020 - 14:42

How Is The Maximum Benefit Rate Calculated?

Hi Larry, When I started to receive SS benefits in Jan 2019, I received the maximum FRA (+4% for 6-month deferral) amount at that time. I’m continuing to work with a salary above the FICA yearly maximum; however, my benefit is no longer the maximum. How is the maximum benefit calculated and can I expect an adjustment later this year? Thanks, Paul

Hi Paul,

Monday, March 23, 2020 - 10:29

Would Replacing My Two Lowest Salary Years With Higher Salary Years Increase My Monthly Benefit?

Hi Larry. I know a person's SSA benefit is calculated based upon one's highest 35 years of earnings (NOT adjusted for inflation). I plan to start taking my payments at age 70 but will continue to work full time through age 72 (health permitting). Presumably those extra two years of salary will be equal or greater than my current one, which is at the top of the value pyramid. Would replacing my two lowest-salary years (apx. $16K each) with the highest-salary ones (apx. $88K) increase my monthly benefit, or is it simply frozen at the point where I begin to collect?

Saturday, February 22, 2020 - 07:47

Can I Assume That My SSA Estimate Will Be Accurate When I Apply At Age 62?

I retired in 2018 at the age of 57 , and I am only collecting a pension. I have a forty year work history that’s documented with the SSA. In my ssa estimate can I assume the numbers will be accurate when I apply for early benefits at age 62? I don’t plan on working ever again but I do have those 40 years paid into ss.


Friday, February 7, 2020 - 17:20

Is There A Way To Find Out What My Current Projected Benefit Will Be At Age 70?

I am collecting my SS from my wife’s benefit, using the Restricted Application strategy you recommend, letting my own benefit grow until I turn 70. Before I started collecting SS I would receive annually a letter outlining my projected benefit at 62, 66, and 70. Apparently you no longer receive that letter when you start collecting SS. Is there a way to find out what my current projected benefit will be at 70 when I switch to my own benefit. I have checked the SS website and it does not have that information in my account.


Friday, February 7, 2020 - 12:55

Will Returning To Work Impact My Current Social Security?

I am 79 years old. I am drawing about $2200 Social Security per month. I am going back to work. Will this impact my current Social Security?


Returning to work definitely wouldn't have a negative effect your benefits, and it could even result in a higher benefit rate if you're receiving benefits based on your own work record and if you earn more in a year than you did in one of your previous highest 35 years of wage-indexed earnings (

Sunday, February 2, 2020 - 15:06
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