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Author: Chipsboss Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19257  
Subject: Re: About to Take the Plunge Date: 12/16/1999 2:00 PM
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Your eligibility for social security benefits at retirement is established as soon as you have 40 calendar quarters of paying the social security tax. So with your 25 years of work, you are entitled to you social security retirement benefits provided only that the taxes were paid and the records are correct. Your retirement will be based on 35 years of work, so if your paid taxes for only 25 years, social security will average in 10 years at zero earnings in computing your retirement amount. That's probably not a reason to delay early retirement, in my opinion. Social security will send you a copy of their records of your social security taxes paid over your entire working career and provide an estimate of what they will pay you in retirement. It's nowhere near enough for a comfortable retirement, regardless of how many years you worked.

Chipsboss
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