Does Paying FICA Tax Now Increase My Benefit?

Dear Rusty: If a person retires at age sixty-six and continues to work full time, Social Security taxes are still taken out of his weekly paycheck. Will this taxation for Social Security contribute more to the person’s Social Security benefit, even if already retired? Signed: Curious Retiree

Dear Curious Retiree: Since its inception in 1935, Social Security has been a “pay as you go” program where …