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lev-tax
lev-tax, Tax Advisor
Category: Social Security
Satisfied Customers: 28084
Experience:  Taxes, Immigration, Labor Relations
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When I reach full retirement age, 66, I am going to apply to

Customer Question

When I reach full retirement age, 66, I am going to apply to SS and start receiving my retirement. I am also going to continue to work full time, about $80,000 a year. Since I am going to continue to work, will my SS check go up annually since I will continue to pay into the system after I file and start receiving SS?
Submitted: 11 months ago.
Category: Social Security
Expert:  lev-tax replied 11 months ago.

Several issues...

Expert:  lev-tax replied 11 months ago.

1.

because you will be at full retirement age - your social security benefits will NOT be reduced because you will be working

2.

your social security benefits will be re-calculated every year and your additional earned income will be included into calculations up to age 70.

In additional your benefits will be subject to COLA adjustments.

3.

Because your will have additional taxable income - your social security benefits will be partly taxable - specifically 85% of your social security benefits will be added to other taxable income.

Any clarification ?