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Old 07-10-2013, 05:50 AM   #1
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I'm planning on retiring early and putting off SS until I'm 70 living off 401k SEPP disembursments. My question is without 35 good income years of working will my 401k disembursments count toward my 35 years thus increasing my SS payment?
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Old 07-10-2013, 05:56 AM   #2
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Short answer: no.

Only income from wages and self-employment will increase your SS benefits.
Numbers is hard

Retired in 2005 at age 58, no pension
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Old 07-10-2013, 08:07 AM   #3
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Agreed, no. This income is already included in your SS as your 401k contributions were withdrawn from your earnings which were subject to SS and no double counting is allowed.

IOW, lets say you earned 100, paid 7 in SS tax and contributed 5 to your 401k so your net pay was 88. Your SS is based on the 100 that you earned and the 7 of SS tax that you paid. Your income tax you would be based on 95, the 100 you earned less the 5 you contributed to your 401k.
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