No. of Recommendations: 4
One thing that I found interesting was how Social Security wildly favors high income early retirees.
If you're a wage & salary earner paying maximum FICA from an early age (say your mid to late 20's), the sweet spot is to retire just before you'd hit the second bend point for the AIME calculation (a retirement at about age 45 or so.) There you'd get 77% of the maximum SS monthly benefit while only paying about half the lifetime FICA taxes.
https://retireearlyhomepage.com/socialsecurity2023...Just more evidence for my long held thesis that working for wage & salary income, while often necessary, is just about the dumbest thing you can do financially and tax-wise.
intercst
