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R. Klein, EA
R. Klein, EA, Accountant
Category: Social Security
Satisfied Customers: 3375
Experience:  Tax & Social Security Benefits specialist
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I am 78 and working. I have been collecting social security

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I am 78 and working. I have been collecting social security since I was 62. My income is about $100.000.00 . I have been paying into social security and want to know if I am due an increase in payment.

R. Klein, EA :

Thank you for your SS question today!

R. Klein, EA :

As long as you are working, the Social Security Administration will recalculate your benefit once a year.

R. Klein, EA :

Your retirement benefit is based upon the HIGHEST 35 years of income in your lifetime.

R. Klein, EA :

If a recent year's income is greater than the 35th highest year of income, then the lowest annual amount will drop out of the calculation and be replaced with last year's income.

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