As I understand it, SS estimate amount for a future year is based on your past earnings and potential future earnings up to the day when you start claiming SS, as well as you age?
Suppose the estimated SS is:
age 62: $1500
age 65: 2300
age 67: 2500
age 70: 3400
That's assuming you continued to work and earing similar salary until that age, correct?
My question is, if you retire at, say, 62, thus no longer having salary, will it make big, or small difference at what age you start taking SS (whether you take SS immediately at 62, or 63, or wait till 70)?
Another way to ask: Between the impact of (a) your continued salary between now and when claiming SS, and (b) the impact of just your age when claiming SS (without regard to salary)----which affects the SS amount more?
Suppose the estimated SS is:
age 62: $1500
age 65: 2300
age 67: 2500
age 70: 3400
That's assuming you continued to work and earing similar salary until that age, correct?
My question is, if you retire at, say, 62, thus no longer having salary, will it make big, or small difference at what age you start taking SS (whether you take SS immediately at 62, or 63, or wait till 70)?
Another way to ask: Between the impact of (a) your continued salary between now and when claiming SS, and (b) the impact of just your age when claiming SS (without regard to salary)----which affects the SS amount more?