A bipartisan group of Senators is talking about raising the retirement age on Social Security

[PoindexterOglethorpe]

7. Social Security payout is NOT based on a worker's average earnings

over 35 years. It's based on the worker's highest 35 years of earnings. If you worked less than 35 years (as I did) that can hurt. I improved my payout by returning to work for about five years, and delaying taking my own SS until age 70.

I also had 3 years in the 1970s where I maxed out on my SS earnings. Just barely, but still.

There is this incredibly complex formula that accounts for inflation.

Every time I see something about raising the retirement age for Social Security, I wonder if they are thinking about raising the age when you can first collect. It's been 62 for a long time, although that comes with a reduced benefit, and if you continue to work there's an income limit, which if exceeded means you get less SS the next year.