The Motley Fool Discussion Boards

Previous Page

Politics & Current Events / Retire Early Liberal Edition


Subject:  Re: Fun with Social Security Date:  11/27/2012  7:05 PM
Author:  intercst Number:  46406 of 139097

doubtit writes,

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


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.

Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us