Ask Rusty: Your Social Security Advisor

#7. Does Paying Social Security Tax Now Increase My Benefit?

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Dear Rusty: I started drawing my benefits at age 62 due to being laid off from my job at age 60. I have continued working part time and been paying Social Security and Medicare taxes ever since. I am now 66. I have been told that even though I continue to pay these taxes, it will not help increase my monthly social security benefit. Is that true? Signed: Working Beneficiary

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Ask Rusty: Your Social Security AdvisorBy The AMAC Foundation
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