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Retirement tax questions
Jenise,
My answer does assume that you are not working anymore. It is possible but not probable that you could increase your benefits beyond age 70 by not filing for benefits and continuing to work and earning a high salary. Your benefits are calculated based on the high 35 years in your earnings history. So, if you can earn more in your 70's than prior years it could impact the calculation. However, you are not going to live forever so the amount of checks you will receive has to be compared to the benefit amount and when you start receiving the checks.
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‎July 15, 2021
11:08 AM