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="donna723" data-source="post: 537635" data-attributes="member: 1883"><p>The "estimates" can be a little deceiving. I did all that before I retired, but then when I started actually receiving benefits, I was pleasantly surprised to find out that I was getting quite a bit more than the estimated amount! The amount you get from Social Security is based on your "highest years" but what I didn't know was that they go back and and refigure your past years earnings into today's dollars and base it on that. It wouldn't be the same for everybody but I worked for the state for many years. Considering the economy and with all the politics going on, we went for many years with no raises at all or very small ones, while inflation crept up, making the value of our paychecks smaller and smaller. So when they went back and refigured those amounts from years ago, turns out my tiny little paychecks from a long time ago were actually worth more then than the bigger ones I was getting more recently, and <em>those</em> became my "highest years". Kind of pitiful but it worked to my advantage when I retired.</p></blockquote><p></p>
[QUOTE="donna723, post: 537635, member: 1883"] The "estimates" can be a little deceiving. I did all that before I retired, but then when I started actually receiving benefits, I was pleasantly surprised to find out that I was getting quite a bit more than the estimated amount! The amount you get from Social Security is based on your "highest years" but what I didn't know was that they go back and and refigure your past years earnings into today's dollars and base it on that. It wouldn't be the same for everybody but I worked for the state for many years. Considering the economy and with all the politics going on, we went for many years with no raises at all or very small ones, while inflation crept up, making the value of our paychecks smaller and smaller. So when they went back and refigured those amounts from years ago, turns out my tiny little paychecks from a long time ago were actually worth more then than the bigger ones I was getting more recently, and [I]those[/I] became my "highest years". Kind of pitiful but it worked to my advantage when I retired. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
General Discussions
The Watercooler
SS question
Top