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

#8. Is It Always Best to Wait Until Age 70 to Claim Social Security?

Russ “Rusty” Gloor is a member of the AMAC Foundation’s accredited Social Security Advisory staff. With each episode of “Ask Rusty” he will tell you about an actual Social Security question received at the AMAC Foundation offices.
	  
	  These recordings are intended for information purposes only and do not represent legal or financial guidance. They present the opinions and interpretations of the AMAC Foundation’s staff, trained and accredited by the National Social Security Association (NSSA). NSSA and the AMAC Foundation, and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (amacfoundation.org/programs/social-security-advisory) or email us at ssadvisor@amacfoundation.org.>