Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Internet Search
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
General Discussions
The Watercooler
SS question
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="klmno" data-source="post: 537512" data-attributes="member: 3699"><p>Ughh.....and ok- let me give you the scenario-</p><p></p><p>I was in the military from 18yo-22 1/2yo then went to college for 5 years. I didn't work much during the time I was in college but have worked 95% the time after getting out of college and of course, at a higher pay, but then I had the 18 mos unemployed and have worked at this job for about 18 mos at a low to mid-range pay. Now I'm getting ready to start a higher paying job that I hope to stay at until I retire at 67 yo. </p><p></p><p>Am I interpreting from SSA correctly that my SS will be determined by taking an average of all the pay I've earned, meaning they will go back to when I was 18yo and average it over all the years between 18 and 67? (If so, young people need to be aware that there's a difference in retirement if you wait to go to college and start in the work force right away.)</p><p></p><p>And I've read confusing info about a cap on income. I can't figure out if they are not taking SS payments from any salary over the cap amount or if that means you can't get SS retirement on any salary over that amount or if they mean that any salary over that amount won't be included in their average when calculating the retirement amount per month.</p></blockquote><p></p>
[QUOTE="klmno, post: 537512, member: 3699"] Ughh.....and ok- let me give you the scenario- I was in the military from 18yo-22 1/2yo then went to college for 5 years. I didn't work much during the time I was in college but have worked 95% the time after getting out of college and of course, at a higher pay, but then I had the 18 mos unemployed and have worked at this job for about 18 mos at a low to mid-range pay. Now I'm getting ready to start a higher paying job that I hope to stay at until I retire at 67 yo. Am I interpreting from SSA correctly that my SS will be determined by taking an average of all the pay I've earned, meaning they will go back to when I was 18yo and average it over all the years between 18 and 67? (If so, young people need to be aware that there's a difference in retirement if you wait to go to college and start in the work force right away.) And I've read confusing info about a cap on income. I can't figure out if they are not taking SS payments from any salary over the cap amount or if that means you can't get SS retirement on any salary over that amount or if they mean that any salary over that amount won't be included in their average when calculating the retirement amount per month. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
General Discussions
The Watercooler
SS question
Top