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Social Security Benefit Calculation
- Thread starter kannon8833
- Start date
Alevin, you have been doing everything right. Unfortunately things have gone way wrong. It sucks. Sorry.
The 2 main goals over the next few years will be shelter and sustenance. The game has changed. For only 20 cents. Pair of dimes, shifted.
You get in on that deal or still rubbing two nickels together hoping to make more than ten cents?
Boomers will break system. Get ready for your change. The hope might be along later.
maybe not so far fetched if we continue to drain SS system i.e. current 2% reduction???
U.S. Social Security goes "cash negative"
Social Security will add $46 billion to the U.S. budget problem this year, a figure that would increase to $267 billion if Congress adopts President Barack Obama's proposal to expand this year's tax break into 2012, according to the system's trustees. Congressional leaders of both parties are avoiding the issue, fearful of angering senior citizens and their advocates. The Washington Post (10/29), The Atlantic Wire (10/30), The Business Insider (10/29)
The 2 main goals over the next few years will be shelter and sustenance. The game has changed. For only 20 cents. Pair of dimes, shifted.
You get in on that deal or still rubbing two nickels together hoping to make more than ten cents?
Boomers will break system. Get ready for your change. The hope might be along later.
maybe not so far fetched if we continue to drain SS system i.e. current 2% reduction???
U.S. Social Security goes "cash negative"
Social Security will add $46 billion to the U.S. budget problem this year, a figure that would increase to $267 billion if Congress adopts President Barack Obama's proposal to expand this year's tax break into 2012, according to the system's trustees. Congressional leaders of both parties are avoiding the issue, fearful of angering senior citizens and their advocates. The Washington Post (10/29), The Atlantic Wire (10/30), The Business Insider (10/29)
****************************************************Good Morning All - hoping someone could point me in right direction.
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Look thru these links.
http://search2.ba.ssa.gov/search?q=...rontend&oe=UTF-8&proxystylesheet=ssa_frontend
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For someone in FERS who volunteers to retire earlier than 62, my understanding is that they will receive the Social Security supplement benefit. Ok.
My question is how will the Social Security benefit at age 62 be calculated. Looking at the Social Security benefit estimator 4 pager we get it assumes you continue to work to age 62. If you voluntarily leave federal gov't at age 56, does SS recalculate your benefit based on now 6 yrs (age 56 to 62) of no income?
I read that SS benefits are based on 35 years of employment, so now I will show that 6 of those years as being $0 and therefore my monthly benefit will drop. Cause if that's the case, both the SS benefit at age 62 goes down as well as the SS Supplement at age 56.
If anyone could shed some light on this, be appreciated.
Thank you.
Look thru these links.
http://search2.ba.ssa.gov/search?q=...rontend&oe=UTF-8&proxystylesheet=ssa_frontend
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