JustNtime
Recycles dryer sheets
- Joined
- Oct 23, 2009
- Messages
- 150
Benefits Calculators: About the Social Security Retirement Estimator
I recently received my Social Security Statement in the mail and it got me thinking about SS estimates. I remembered something about additional credits being added for certain years of military service, so I tried to find out if these were factored into the estimates I received. NO real joy there. It says it is OR will be done automatically when you apply for benefits. Sooo, anyways I run the [-]calculator[/-] estimator and it comes back with different results from what my statement shows. Hmm.... +$33 at 62; +43 at 65; +$57 at 70... Could this be the elusive additional military credit OR just some kind of a COLA difference between my statement dated on 6 Nov and now. I know it isn't additional income, since I haven't earned any in the last 7 yrs. Anyone else use the estimator and get different results from their statements?
BTW: For those still working the estimator lets you run some additional scenarios of stopping work prior(after) to 62 and seeing the effects on benefits. Nice what ifs...
I recently received my Social Security Statement in the mail and it got me thinking about SS estimates. I remembered something about additional credits being added for certain years of military service, so I tried to find out if these were factored into the estimates I received. NO real joy there. It says it is OR will be done automatically when you apply for benefits. Sooo, anyways I run the [-]calculator[/-] estimator and it comes back with different results from what my statement shows. Hmm.... +$33 at 62; +43 at 65; +$57 at 70... Could this be the elusive additional military credit OR just some kind of a COLA difference between my statement dated on 6 Nov and now. I know it isn't additional income, since I haven't earned any in the last 7 yrs. Anyone else use the estimator and get different results from their statements?
BTW: For those still working the estimator lets you run some additional scenarios of stopping work prior(after) to 62 and seeing the effects on benefits. Nice what ifs...