Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Pixy said:
{{Greetings, Foolwild, and welcome. You asked:

<<I am curious if anyone knows what effect retiring at 54, and not working for pay after that time, will have on social security
benefit? Isn't it calculated on your ten years of highest salary or something like that? And those ten years are not inflation adjusted
are they? >>

Social Security uses the highest 35 years your work history to calculate benefits due. All the years between 54 and 62/65 would count
as zero earnings years for that purpose.

Regards..Pixy }}

What do they count as earnings for that period? AGI only or do they include Employer Granted Stock Options? I am paying taxes on the gains at exercise.

I have done all my calculations excluding any SS benefits, but hey, it could pay green fees!!


P.S. I have jumped out of an airplane... I fear retiring at 38 (next April!) much more!!
Print the post  


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.
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.