StockGoddess writes,Firned of mine explained this to me how she decided not to take a job overseas - one of her reasons was how those "zeros" would affect her SS in the long run. That's odd. Most overseas posts come with a salary increase far in excess of a zero on your SS earnings record. Here's an analysis of how much you'll lose by retiring early and having "zeros" in your record.http://retireearlyhomepage.com/soc_security.htmlFor example, for someone paying the maximum FICA for his whole career. Retiring with 35 years of earnings gives him a benefit of $1,964/month. If he retires 5 years earlier and had 5 zeros in his earnings record, it only reduced the benefit to $1,888. That's a $76 month reduction for 5 years worth of zeros. A 60-year-old could buy an inflation-adjusted annuity with a $76/month benefit for about $24,000.intercst
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra