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If you keep working after reaching FRA will your Social Security increase?

Full retirement age (FRA) depends on the year you were born.

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However, in order to receive the maximum benefit, you may need to work until age 70.


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What is my FRA?

Your full retirement age (FRA) depends on what year you were born. You can start claiming Social Security benefits as early as 62, but not without penalties. You’ll need to wait almost a decade to receive the maximum benefit. Read more about it here.

Find your FRA:

  • 1943-1954: 66
  • 1955: 66 and 2 months
  • 1956: 66 and 4 months
  • 1957: 66 and 6 months
  • 1958: 66 and 8 months
  • 1959: 66 and 10 months
  • 1960 – Current: 67

How much more can I get by waiting?

The earliest you can claim Social Security benefits is 62. However, the most you can get at that age is $2,364. Waiting until 66 would leave you with a benefit of $3,345. The maximum benefit you can claim is after reaching 70, $4,194.

If you decide to work until you are 70, you will get a delayed retirement credit. You can get the delayed credit for each month you stayed working. After you turn 70, you won’t receive any additional credits and you maximum benefit will stay the same.


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