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Social Security: How Working in Retirement Can Increase Your Benefits

Working after full retirement age doesn't just mean more income in your pocket. It can also lead to higher Social Security benefits.

In the following video from our "Social Security Q&A" series, Dan Caplinger, The Motley Fool's director of investment planning, answers a question from Fool reader James, who asks whether working after you start taking Social Security benefits can lead to an increased payout. Dan notes that obviously, if you wait to take Social Security until a later age because you're still working, you'll get more benefits because of delayed retirement credits. But Dan also points out that if your job qualifies as one of the top 35 earnings years of your career, then your benefits can go up that way as well. Dan concludes that working in retirement can be a good way to boost your overall income.

How to get even more income during retirement
Social Security plays a key role in your financial security, but it's not the only way to boost your retirement income. In our brand-new free report, our retirement experts give their insight on a simple strategy to take advantage of a little-known IRS rule that can help ensure a more comfortable retirement for you and your family. Click here to get your copy today.

Have general questions about Social Security? Email them to, and they might be the subject of a future video!

Read/Post Comments (2) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On May 18, 2014, at 10:14 AM, clchapman wrote:

    I have commented on articles like this before

    There is a big difference in continuing to work from 62 to 70 than going back to work at 70

    I can't speak for everyone but can speak as to what happened to us

    My wife continued to work at 62 and drew SS

    When she saw she was going to be over paid we went to the SS office not once but three times and called the national office twice

    And ask them to stop her SS. all 5 times we were told by 5 different people "do not worry about it, when we get you tax statement from IRS we will adjust your check and you can pay it back at 10 % a month and you will only have to pay back 3 for 1"

    That is a quote exactly what we were told

    That is not true in the least

    When they got our tax statement from IRS

    They cut her check off with no warning at all

    Not even a letter

    We called in Nov. and was assured it was a mistake and she would get an adjusted check in Dec. no check called in Dec and assured it was an oversight and would get one in Jan. In jan we called so sorry will get you a check right out

    Feb still no check called again

    Told sorry you have been overpaid and we are keeping your check until you pay everything you have been paid back ,not just the overpayment but everything she had received

    The only way the 3 for 1 or 2 for 1 or the 10 % rule applies is if it is SS fault .Even if they give wrong info it is not considered their fault.

    We have argued this all the way to the national SS office and the last time we tried we were told if the account is closed until all funds are paid back

    They have kept each check from Nov 2012 till present

    Do not be naïve that it works that easy been there already

  • Report this Comment On May 18, 2014, at 12:35 PM, True411 wrote:

    The people who believe that the Government should be running our healthcare should read the previous letter very closely.

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Dan Caplinger

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

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