Economic Security Planning, Inc.Today's column addresses questions about when continuing income after full retirement age (FRA) might increase Social Security retirement benefit rates, whether the earnings test affects eligibility for a survivor's benefit and filing online. Shouldn't My New Work Income Increase My Social Security Retirement Benefit? Thanks, KurtHi Kurt, Your pension could only affect your Social Security benefits if the pension is based on earnings that were exempt from Social Security taxes. It isn't clear from your question whether or not you are currently drawing your Social Security retirement benefits, but there are two different things that can potentially increase your Social Security retirement benefit rate after you reach full retirement age (FRA). If you're already drawing your Social Security benefits and you think that your earnings last year were high enough to increase your benefit rate, Social Security should increase your rate automatically.

Source: Forbes January 26, 2021 17:37 UTC