Ask Larry

Will I Get A Higher Benefit Now That I've Returned To Work?

I'm 70 an worked most of my life only get 900 a month.But I went back to work they still take social security out why I'm I gonna get more.

Hi. Your benefit rate could increase as a result of your earnings, but whether or not it will depends on how much you're earning and how much you earned in past years. 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 only increase a person's benefit rate if they're higher than one or more of the 35 years currently being used to calculate their benefit rate.

Best, Jerry

Posted: 
Aug 2 2021 - 12:51pm
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