Rich_by_the_Bay
Moderator Emeritus
So I've pretty much maxed out on SS taxable income for a million years. About as many "credits" as you can reasonably have. Now I'm contemplating coasting in the 5 years prior to full retirement with a part-time job. My income may or may not meet the maximal taxable ss limits in those last 5 years.
My question is whether your ultimate SS payments are based on total lifetime credits earned, or if their is some kind of averaging going on for the last few years prior to retirement. That is, will I be penalized in my ss check at age 66 if I coast from 60 to 65? Or am I good for the max based on credits earned til now?
My question is whether your ultimate SS payments are based on total lifetime credits earned, or if their is some kind of averaging going on for the last few years prior to retirement. That is, will I be penalized in my ss check at age 66 if I coast from 60 to 65? Or am I good for the max based on credits earned til now?