If I work through 70, but start to receive benefits at age 66 (my full retirement age), will my benefits incre
Thursday, July 29th, 2010 at
7:37 am
Will my benefits increase since I`ve been contributing to ss these extra years?
Filed under: Retirement Planning
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No they won’t increase, except for the cost of living. But if you wait to receive your benefits until you are 70, you will receive a higher amount. But then you are giving up the money from 66 to 70 and it would take several years to make up the money that you did not collect during those years.
Robert , if at 66 u can collect do so, it will be full amount even if u work past.
as for the amount u "lose" from ss cause of ur ‘earned income’ so what. u’ll still have more than if u get ss handouts.