Core Insights - Social Security benefits can be increased by working longer after claiming, contrary to the belief that they are fixed except for annual cost-of-living adjustments (COLAs) [2][8] Group 1: Social Security Benefits and Working - Most retirees believe their Social Security benefits are permanent except for COLAs, but continuing to work can enhance these benefits [2][8] - The Social Security Administration (SSA) applies an earnings test for those who claim benefits before reaching full retirement age, which can temporarily reduce benefits if earnings exceed certain thresholds [5][6] - In 2026, if earnings exceed $24,880 before full retirement age, SSA will withhold $1 in benefits for every $2 earned above this limit [6] Group 2: Calculation of Benefits - SSA calculates retirement benefits based on the 35 highest earning years, adjusting for wage changes over time [9][10] - Retirees can boost their benefits by earning more in a year than in any of the 35 years previously used for calculation, with SSA automatically recalculating benefits based on the latest earnings [10][11] Group 3: Considerations for Retirees - While returning to work is not recommended for those who can comfortably retire, it can be beneficial for retirees who find their income insufficient for their desired lifestyle [12][13] - Working can provide immediate income and potentially lead to a permanent increase in Social Security benefits [13]