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Thanks for all the responses that show the error of my thinking on how SS is figured. Actually, I retired from the military 27 yrs ago and have been living off that pretty well most of the time. Those 20 years were the only input I had to SS. I did do a short spell for the state of Ohio and am now eligible to receive a stipend from them. They are the ones who use the last three years average wages to figure your benefit. Old farts get confused.

I haven't had earned wages in years so I am not current on IRA limits.

Still, is the basic concept sound? The last few year's contributions will not earn a lot unless you get really lucky in a self directed account. Would artifically inflating your wages to increase your tax by $4000 or $5000 dollars for two or three years produce a greater lifetime return than would be realized with that money in mutual funds or CDs?

What do you think?
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