Can I do anything to increase Social Security Payments at Age 67?
I was forced by circumstance to accept Social Security at age 62 because I couldn't work at the time because of a knee injury. (I never applied for SS Disability or Medicaid) Now that I am physically able to work again, could I maybe suspend Social Security a couple of years, work, and add to my payments, or is it too late?
Terry Says
Unfortunately, your benefits are permanently reduced. However, the amount you receive each year is based on your earnings. And if you go back to work and contribute to Social Security your benefits will be re-calculated every year, taking into account the new earnings. It won't be much, but it might make a few dollars difference. And even if it doesn't impact your monthly SS check, you will be earning money -- and that WILL make a difference! So go for it!
