I don’t even have the full 35 years, and also found that doing additional years did very little to improve the payout.Please do the calculations. At your ages I'm presuming you likely both have at least a 35-year earning history. I'm in my early 50's and have 35+ years of earnings and being past the second bend point I found that an extra year at the maximum SS-applicable earnings yielded something around $50/mo added to my eventual benefit. If I were considering retirement vs. 'one more year' I think I'd decide that $50/mo wouldn't be worth working one more of my most youthful years.
Statistics: Posted by MHA556 — Wed Nov 20, 2024 6:19 am