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I know SS benefits are based on your highest 35 working years I get that.
Question:
IF a person retires/resigns from a career of making full-time money (30-50-80-100K whatever)
Clearly the person's highest 35 working years were their "career" years.
SO if this person retires -- and doesn't NOT take SS, but keeps working part time....THOSE part-time earnings clearly won't be among their 35 highest working years for calculating the benefit.....
...so will that part-time money affect and increase the SS benefit when this person eventually DOES get SS?
...will the person's SS check be increased at all? hoe are those earning figured in, are they?
...so will that part-time money affect and increase the SS benefit when this person eventually DOES get SS?
Quote:
...will the person's SS check be increased at all?
Only if the part-time income is higher than, and replaces, the lowest of the "earlier" 35 years.
Quote:
how are those earning figured in, are they?
Yes, they are tracked, and if they are enough to replace an "older" 1 of the 35 years, you get an increase. The "highest 35 years" do not have to be in any special order, and are adjusted for inflation.
I take it SS tax is still taken out of that part-time paycheck. If it's not going to boost my benefit, is that tax taken from me and I'm not getting a darn thing for it? Excuse my indignation, but I'm pi$$ed about that. So I PERSONALLY getting nothing for that tax being taken out of my paycheck.
You get the continued knowledge that had something happened to you in year 10 and you never made it to 35 years, then you would have received disability income for life.
Only if the part-time income is higher than, and replaces, the lowest of the "earlier" 35 years.
Yes, they are tracked, and if they are enough to replace an "older" 1 of the 35 years, you get an increase. The "highest 35 years" do not have to be in any special order, and are adjusted for inflation.
Thank you for this! I always wondered if the 35 years were the last 35 years of your work life, or if they took the highest 35 years of your entire work life.
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