Why Earning More Boosts Your Social Security Income Only So Much - NewsBreak

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By Ulises in Business
Updated 2 years ago

Your wages count toward your benefit, but only up to a certain level each year. And it takes many years of increased earnings to really boost your monthly payout. Social Security payments are based on your average wages, so it stands to reason that increasing your income will give these benefits a boost. And indeed, working to earn larger paychecks can be one of the best ways to raise your retirement benefit.

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