UnThreaded | Threaded | Whole Thread (20) | Ignore Thread Prev | Next
Author: salaryguru Big gold star, 5000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 63255  
Subject: Re: Fun with Social Security Date: 12/1/2012 3:18 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
The math is correct. But I'm an unusual case since I retired in 1994 at age 38 once I'd accumulated enough capital to quit working. I have 13 years where I paid maximum FICA up to 1994, and mostly zeros in every year since.

My case isn't quite as extreme, but because of early retirement (age 49 in my case), my Social Security calculation series was filled with some zeroes and some very small amounts from summer work during high school. Once I retired I was pleasantly surprised to find that my SS calculated benefit grew every year as my royalty payments replaced those zeroes. I haven't checked recently, but I think I'm still replacing low wage summers with royalty payments each year.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (20) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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