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If I continue to get $9,000/yr in FICA earning for the next 9 years until I'm 65, I'll pay about $9,000 in FICA and my monthly Social Security benefit will increase by $45/month.

Imagine my surprise when I learned a $45/month annuity from an insurer costs $12,000 at today's rates -- $3,000 more than I'd pay in FICA taxes for the same benefit


Social Security benefits are typically computed using "average indexed monthly earnings." This average summarizes up to 35 years of a worker's indexed earnings.

You might want to check your math - If your average earnings for the 1st 26 years you worked was indexed at less than $9000, then $9000 for the last 9 years might increase your SS benefit

For me, $9000 for the last nine years prior to 65 that I work = $0 increase for me

http://www.ssa.gov/oact/cola/Benefits.html
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