3 Ways Working After Your Full Retirement Age Could Increase Your Social Security Benefits
Social Security benefits become available when you turn 62, and claiming ASAP is incredibly popular among seniors. If you start your benefits that early, though, you'll see a reduction in the standard benefit you'd have received if you waited. To get your standard benefit, you need to work until a designated age called your full retirement age. Full retirement age, or FRA, is between 66 and 67 depending when you were born.
Some people decide they won't want to take the hit to their benefits that comes from filing early, so plan to wait until FRA instead. But you may be surprised to find that waiting even longer than that could benefit you. In fact, there are three big reasons why you may want to keep on working and waiting to file benefits even after you've hit your FRA.
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Source Fool.com
