Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Great Question!!! My wife has the opposite problem, not having worked enough quarters to qualify for SS on her own. I have worked through several scenarios and feel that we (as a couple) are better off waiting until I am 65 to start drawing SS. I keep reading the posts that says to start drawing them early, but my spread sheet calculations said "we" have to live until 100+ the come out even if I start early.

To answer your question, If you have worked 40 quarters at the maximum SS salary the only advantage to working more is if your early quarters were summer jobs during college. Then your higher salary now would replace lower salary quarters, raising your SS payments. The SS web page has the formulas to work out how much you gain.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement