Work and draw SS. Do benefits increase?
by John B
(Colorado Springs, CO)
If I draw SS at full retirement age (66) and continue to work, does my SS benefit continue to increase as I continue to pay into it?
Wendy's reply: Absolutely. There is no earnings limit once you get to your "full retirement age" and as you work, they recalculate the benefit (annually, I believe).
It's a win-win! I have some co-workers at work doing just that... they are banking their Social Security checks and living off their paycheck.
In just a few years, they have quite a nice savings account for whenever they need something!
You can actually "double dip" earning both wages from working and your full Social Security benefit. You earned it.. good for you!