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