Hi Larry,
I have planned to start my Social Security retirement benefits in January 2022 when I will turn 70. But I am concerned about the possible drop in the average wage index from 2020 and it’s impact on my monthly benefits. Would it be better to start my benefits in December 2021 or wait one more month?

Thanks

I delayed my retirement benefits for exactly 4 years from age 66 (FRA) to 70, and will soon start collecting. I’m trying to locate my PIA to estimate spouse’s benefit. Is it on my Social Security Statement or online? If not, is my current PIA simply my benefit at age 70 reduced by 32% (4 years of delayed credits)?

I've done a bunch of searching online and can't seem to find an answer to this question. I've read that you take the highest 35 years of earnings that go into the AIME number that is then applied to the bend point formula to get to your PIA at age 62. Then after age 62 the PIA is adjusted just by COLA just like other people receiving benefits. Then after the PIA is COLA adjusted you add the percent changes based of when you file for benefits (either being positive or negative changes) depending on when you claim relative to full retirement age.

I told early ss at age 62 but kept on working part time. I’m now 75 and ready to retire from part time job which was 30 hours a week will my social security go up than you

My plan is to defer SS benefits until age 70. (turning 67 in October, retired 1/31/2020)
My estimated benefits are going down. Why?
How do I freeze my earnings record? I want my estimated benefits to be based on my last 10 year "earnings".
Can I file and suspend benefits in order to freeze my earnings record?

I would like to stop working at 65 but not claim Social Security until my full retirement age of 67. However, I will have exactly 35 years of earnings on my record at 65, but two of those years are very low wage. If I work till 67 I would add $150,000 to my total earnings. How big of a drop in monthly benefits would I incur if I surrender those two highest income years?

Hi Larry i started collecting social security 2020 at 68 still working untill July 9 2021 and stop working .My ss benefits i recived $ 1865 from september last 2020 year until 1 april 2021 ,Now because last year incomei get ss increased to $ 1989,Last week i recived from my company check( severance pay + vacations) in total amounts $64,733.should i get next year higher ss benefits ,i got in total 36 years /in 1992 i earn only $ 1.782,so this ear income will replace 1992 year lowest income,please explain that to me.i lost recently job because company closed business.any additiona

Currently 56 1/2 and have worked every year since I was 18 years old. My benefits according to SS are estimated to be over $1,000 if I enroll at age 62. With Covid wiping out my career I may not ever work again, will this affect my monthly draw? With 5 1/2 years left?

Will you provide a calculator for people who were born In 1960 who are getting screwed over because of the Average Wage index is calculated when they tuned 60 during the pandemic? I would like to compare my 35 + years of earnings earnings indexed as if i had been born in 1959 or 1961 to see how badly i got screwed.

I am disabled and I am now 61. I must now file for retirement, I do have just 40 credits. I now make $794. MONTH WHAT WILL. I make now. Possibly?

Hi. The amount of your Social Security retirement benefit would be calculated based on an average of your 35 highest years of Social Security covered wage indexed earnings. Without knowing that amount, I can't give you an estimate of your benefit rate.