This is a followup to my earlier post, in which I referenced the SSA web page on calculating benefits. This page is at http://www.ssa.gov/pubs/10070.html.Note that after indexing your yearly earnings and averaging the highest 35 years, the resulting "average indexed monthly earnings" is multiplied by a progressively smaller factor. Once your monthly average is over $3043, you only benefit by 15 cents on the dollar.As a result, once that average is over $3043, IMHO it's not worth it to factor additional SS benefits into the decision about whether to continue working. This breakpoint can occur well before you have 35 years of earnings to average in. In my case, even though I'll have fewer than 30 years earnings to average, I'm still above $3043. It's not worth thinking about additional SS after that point. For each extra $1000 I earn, I'll pay $153 in SS taxes ($76.50 each for me and my employer, or the entire $153 from me if self-employed, such as a consultant). For that I'll get an additional 36 cents per month at retirement ($1000/420 months * 15%). Be still my heart.Bob H, aka Blues
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