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Old 01-21-2011, 09:23 AM   #21
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Originally Posted by Nova View Post
It takes a few years for SS to come to the conclusion that you aren't going to have income in future years. In the meantime, their projected benefits will continue to assume that you will have future income. Eventually, SS will conclude you won't have future income and they will change your projected benefits to reflect what you really will receive. At least that's the way it was for me.
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Old 01-21-2011, 01:33 PM   #22
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Is there a minimal amount you have to earn that could replace a "zero income" year and still max out your payment as if you were still earning what you did when you retired?


That's a bit confusing so let give an example. Suppose I quite working at age 50 after 28 years of qualified earnings years. (With the last 15 years of earnings being above the "max threshhold". )

Assuming no work at all after 50, they would give me 7 years of zero income years and thus my benefits would be less than current projections.

How much would I have to make per year from 50-57, to "get back" to the max payout amount of my earlier projection? For instance, would a part-time job making $10K per year do it or make any difference likely?

(The calculator in the linke did not allow me to enter actual income year by year)
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Old 01-22-2011, 12:22 PM   #23
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Quote:
Originally Posted by skyvue View Post
Is there a minimal amount you have to earn that could replace a "zero income" year and still max out your payment as if you were still earning what you did when you retired?


That's a bit confusing so let give an example. Suppose I quite working at age 50 after 28 years of qualified earnings years. (With the last 15 years of earnings being above the "max threshhold". )

Assuming no work at all after 50, they would give me 7 years of zero income years and thus my benefits would be less than current projections.

How much would I have to make per year from 50-57, to "get back" to the max payout amount of my earlier projection? For instance, would a part-time job making $10K per year do it or make any difference likely?

(The calculator in the linke did not allow me to enter actual income year by year)
If you are 50 or under, try attached SS.
TJ
Attached Files
File Type: xls ss_template.xls (21.5 KB, 13 views)
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