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I BEGIN RECEIVING MY BENEFITS AT AGE 64. however WORKING…

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I BEGIN RECEIVING MY...

I BEGIN RECEIVING MY BENEFITS AT AGE 64. however i AM STILL WORKING EARNING 73k AND STILL PAYING IN SOCIAL SECURITY. i WANT TO RETIRE. wILL MY MONTHLY BENEIFTS INCREASE

Accountant's Assistant: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Please tell me more, so we can help you best.

WHAT WOULD YOU LIKE TO KNOW.. i AM NOW RECEIVING APPROX 1650,00 PEPRMON BENEIFTS

Accountant's Assistant: Is there anything else important you think the Retirement Accountant should know?

I WISH TO RETIRE AND NEED MORE MONEY OTHER 1650.00 A MONTH TO LIVE ON. wILL MY BENEIFTS INCREASE

Submitted: 7 months ago.Category: Social Security
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Answered in 3 minutes by:
12/15/2017
Social Security Expert: Barbara, Enrolled Agent replied 7 months ago
Barbara
Barbara, Enrolled Agent
Category: Social Security
Satisfied Customers: 6,407
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

Unfortunately, your monthly SS benefit amount will not increase, or it it does, the amount will be minimal.

The reason is that when Social Security calculates your benefit amount, it uses your 35 highest earning years to figure it.

Additionally, because you began receiving benefits at younger than your full retirement age, which is 66, you are not receiving 100% of your full benefit amount, which you would have received if you waited until age 66 to begin receiving benefits.

Please let me know if I can assist you further.

Thank you and best regards,

Barb

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