Social Security

[monicap1]

If I stop working at 63 and don’t claim SS until 65, will I still collect the higher amount if I am not paying into SS for 2 years (when I stop working at 63?)

[SwapnaM]

Your income history and when you choose to start benefits are the two biggest determinants of your benefit amounts.

Your Social Security retirement benefits are based on your average indexed monthly earnings during the 35 years in which you earned the most. Without continued work, your Social Security benefit amount will be based on your existing work history. If you claim benefits with fewer than 35 years of earnings, Social Security credits you with no income for each year up to 35. For example, if you worked for 30 years, there will be five zeroes in your benefit calculation. If you continue working, each year with earnings displaces a zero.

 As long as you’ve had 35 good working years it shouldn’t make much difference as they make adjustments for changes in wages over that period. 

For more Information, please check: 

https://www.ssa.gov/benefits/retirement/matrix.html 

https://www.ssa.gov/oact/quickcalc/early_late.html#:~:text=A%20worker%20can%20choose%20to,may%20resu... 

@monicap1 Thanks for the post!