Hi All,
From ssa.gov, when I log in and look at "Estimated Benefits", there is this:
"Your estimates are based on the assumption that you will earn $xxxxx a year from now until retirement."
I'm 58. So if I retire tomorrow, or next summer, does that mean that the SS benefits I would receive at 62/67/70 would be LOWER than the estimates they are showing? How much lower? Is there a way to estimate that lower benefit?
Sorry if the answer is obvious; I guess I always thought that if I quit today, those would be my benefits at those ages, but I guess that is not correct.
(It, literally, pays to read the fine print, I suppose!)
EDIT: oops, looks like I found the answer!:
http://www.early-retirement.org/forums/f28/estimating-social-security-80507.html
From ssa.gov, when I log in and look at "Estimated Benefits", there is this:
"Your estimates are based on the assumption that you will earn $xxxxx a year from now until retirement."
I'm 58. So if I retire tomorrow, or next summer, does that mean that the SS benefits I would receive at 62/67/70 would be LOWER than the estimates they are showing? How much lower? Is there a way to estimate that lower benefit?
Sorry if the answer is obvious; I guess I always thought that if I quit today, those would be my benefits at those ages, but I guess that is not correct.
(It, literally, pays to read the fine print, I suppose!)
EDIT: oops, looks like I found the answer!:
http://www.early-retirement.org/forums/f28/estimating-social-security-80507.html
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