The Economic Times News

Working longer for Social Security? Heres why the payoff is smaller than most retirees expect

Working longer can increase your Social Security benefits, but the results vary. Your payout is based on your highest 35 earning years. Adding a high-income year can replace a zero or a low-earning year. However, high earners often see diminishing returns. Understanding end points is essential for timing your retirement and maximizing your lifetime wealth.