Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19222  
Subject: Re: Social Security & work after 65 Date: 4/10/2000 1:54 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Telone wrote:

<<Pixy: re your Message 3457, I understand that, for all the folks above 65 (with 40 good quarters)who are now working full time, they will receiving starting in May 2000 SS checks retroactively from Jan, 2000. Also, I understand that SS will continue taking full SS deductions from the person's full-time job salary while the person is getting SS benefits.

Question: Since SS continues to take their cut from your working salary, would you know if this working person will get the 5-6% SS benefit increase (above the inflation adjustment) for each year that that he continues to work full time? >>


No. The increase you speak of applies only to those who wait beyond age 65 to collect the benefit. Those who collect it and work might see a very, very small increase because the additional work replaced some of the low years used in calculating the original benefit, but that's all.

Regards..Pixy
=========================
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Post of the Day:
Berkshire Hathaway

Is the Market Overvalued?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement