Payment more the social security

Forum|Forum|4 years ago
July 15, 2021
2 replies
20 views

I'd like to pay more the Social security to improve my earning during my retirement.

How could I do that?

KochuK

Level 7

Hi pedroalcosta, good day!

If you already retired and are taking social security, you can still work as an employee or self employed and pay more social security tax.

Quote

Each year we review the records for every working Social Security beneficiary to see if the additional earnings will increase their monthly benefit amounts. If an increase is due, we calculate your new benefit amount and pay the increase retroactive to January following the year of earnings. For example, if you have earnings in 2020 that will increase your monthly benefit amount, we will increase your benefit amount retroactive to January 2021 once we review your record.

Unquote

https://faq.ssa.gov/en-us/Topic/article/KA-01963

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TaxT2021

Level 2

Hi Mr Acosta.

Nice speaking with you and I hope that your day is going great!

To clarify your objective:

You would like to increase your expected Social retirement benefit
To do that you are asking if additional Social Security benefits are obtainable by excess contributions on your current earning.

That is a great goal but, Social Security Benefits are based on: