Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of RIBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of RIBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Personal Finance / Retirement Investing
Unthreaded | Threaded | Whole Thread (1) |
Author: intercst   😊 😞
Number: of 1281 
Subject: Work Longer for a Larger SS Benefit?
Date: 07/25/24 2:45 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 4
One thing that always surprises me is the idea of working longer to secure a larger SS check. If you're a max-FICA wage earner, you secure 77% of the maximum Social Security monthly benefit after working for about 17 or 18 years when you reach the 2nd bend point of the AIME calculation. Working long enough to have 35 years of max-FICA earnings only gets you that remaining 23% while about doubling the amount of FICA taxes you pay.

https://retireearlyhomepage.com/socialsecurity2023...

I'll be starting my Social Secrity benefit about 18 months from now at age 70. I'm astonished at the size of my check given that I've paid almost nothing into the program for the past 30 years.

intercst

Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to intercst here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 1,207 posts about Retirement Investing. The article-length ones it recommended most:
The Case for Long-Term Buy and Hold Investing · 49 recs · 2025
Transferring assets to the next generation · 20 recs · 2025
Retirement Year 8 · 17 recs · 2025
(nearly) year one of retirement has been good · 11 recs · 2026
Buying Treasuries Via Vanguard · 10 recs · 2023
Unthreaded | Threaded | Whole Thread (1) |


Announcements
Retirement Investing FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of RI | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community