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Author: BruceCM Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Social Security Income/Benefit Date: 10/18/2013 10:56 AM
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IP
I have used this table of wage index inflators in the past, but usually for one who wishes to retire early....say in their 50s, to get an idea of what their SS benefit will be years into the future.

One of the drawbacks to such early retirement is the PIA calculator requires one to use 35 years even if there are zeros in some of the years. However, when one dies, I think only the earnings years are used. I say I think, because I've not seen this addressed in the SS instructions and for family beneficiaries, the SS Administration will figure out the PIA and the survivorship benefit for them.

But the table you provide is a good one to use for those who do wish to retire early. But keep in mind that the bend points are indexed for inflation, so they will change year to year.

BruceM
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