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sjperper



Joined: 01 Jan 1970
Posts: 1

PostPosted: Sun Apr 16, 2017 10:42 pm    Post subject: social secuirty Reply with quote

Does the money I earn after age 70, (which I pay social secuirty tax on) count in the calculation of my social security benefit which I started collecting at age 70?
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admin
Site Admin


Joined: 20 Sep 2006
Posts: 62

PostPosted: Mon Apr 24, 2017 11:41 am    Post subject: Social security benefits and earnings record after age 70 Reply with quote

That is a a great question. Based on this SSA publication, it would seem that the answer is: if your earnings in a year after age 70 increase your average earnings calculation, your benefit will increase (assuming you are not already at the maximum) https://www.ssa.gov/pubs/EN-05-10069.pdf

This is from that publication: Are there other ways that work
can increase your benefits?
Yes. Each year we review the records
for all Social Security recipients who
work. If your latest year of earnings
turns out to be one of your highest
years, we refigure your benefit and
pay you any increase due. This is an
automatic process, and benefits are paid
in December of the following year. For
example, in December 2017, you should
get an increase for your 2016 earnings
if those earnings raised your benefit.
The increase would be retroactive

You can check with your SS office to verify. It should be automatic though.
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