Ask Larry

Which Earnings Years Will Social Security Use To Calculate My Benefit Rate?

I am 62 and plan to work until my full retirement age of 66 and 4 months. Will SS calculated my earnings thru 66 and 4 months to gather the highest salary that i have earned? I heard that once you turn 62 no matter how much you make after 62 it is not included on the calculations for your monthly SS earnings. I hope this is wrong since my earnings will probably be the highest between now and 66 and that is one of the reasons i hope to stay working until 66.
Thank you in advance for your reply.


There is no truth the rumor you heard that earnings after age 62 can't be used to calculate your Social Security benefit rate. In fact, your earnings can be used to calculate your Social Security retirement benefit rate regardless of your age at the time you had the earnings, even if you're still working after you reach 100 years old.

Your Social Security retirement benefit rate is based on an average of your highest 35 years of wage indexed earnings ( Regardless of at what age you first apply for your benefits, your initial benefit rate will be based on your highest 35 years of wage indexed earnings through the year prior to your year of filing. If you continue working after that, your benefit rate can be recomputed if you earn more in a subsequent year than you did in one or more of your previous highest 35 years of wage indexed earnings.

You may want to strongly consider using our software to calculate your potential benefit rates and determine your best strategy for claiming your benefits.

Best, Jerry

Dec 16 2018 - 11:08am
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.
$40 Annual Household License
$250 Annual Financial Advisor License