Social Security Q&A: After 67, work on
Comments 
0
Published: October 26, 2008
Q: I am 67 and still working. Do I have to report my earnings to Social Security? Will my benefits be reduced?
A: No and no. If you have reached your full retirement age, you do not lose benefits when you work. If you were receiving benefits before reaching full retirement age, at age 62 for example, your benefit payments would be reduced based on your earnings.Advertisement
Benefits adjust with price index
Q: Once I retire, will my benefit amount be the same for the rest of my life?
A: Once you start receiving benefits, each year you will receive a cost-of-living adjustment (COLA) based on the rise in the consumer price index. And there is another way that your benefit might increase. If you work, you continue to pay Social Security taxes even though you are receiving benefits.
Related Topics:
Culture and Lifestyle, Social Services Funding, Public Finance, Federal Budget, Aging and the Elderly, Special Interest Groups, Social Issues, Business, Economic Indicators, Economic Issues, Cost of Living, Inflation Rate, Consumer Price Index
Prev
Something to say about this topic? Submit a Letter to the Editor online
Thank you for joining our conversations on newsok. We encourage your discussions but ask that you stay within the bounds of our terms and conditions. Please help us by reporting comments that violate these guidelines. To review our rules of engagement, go to Commenting and posting policy.
Log in below or sign up (it's free).