Retirement Benefits

Are The Estimated Payments Provided By Social Security Accurate?

I will be 62 next month. I am single, never married, no children, no
disability, don't need the money, I have over $500k saved up and I spend
about $20,000 per year total. I use the ACA Marketplace health insurance,
with income very low from interest income and a small pension from a company.
My house is paid for.
My worry is the govt. will reduce SSI payments - I have read by 21% sometime
in the next few years.
I want to maximize my SSI payments even though I'll probably never need the

Should I Review My Benefits?

retired in 2005. have worked pt since and paid in ss. should I review my benefits

Hi,

I assume you mean that you're drawing Social Security benefits and have worked since you started drawing. If that's the case then your earnings subsequent to filing could cause a benefit rate increase, but only if your earnings in one or more of those years was higher than one of your highest 35 of wage-indexed earnings years used to compute your original benefit rate.

How Can I Determine The Amount Of My PIA?

Dear Larry: I am 68 and want to find out what my PIA is to help my planning. I called SS twice and got 2 very different answers. I have a SS statement dated 15 months before I turned 66 and that doesn’t match either of the two amounts the SS reps said. And I can’t find the amount on my account at mysocialsecurity.gov. What do you suggest? Thank you for all you do to help real life folks like me be smarter about all this.

Hi,

What Effect Will It Have On My Benefit Rate If I Have Lower Than Normal Earnings Next Year?

I WILL TURN 66 (MY FRA) NOV 2019. I PLAN ON RETIRING FROM MY JOB NOV 2018 BUT WILL POSTPONE TAKING SS UNTIL AGE 66. MY ANNUAL INCOME FOR 2019 WILL BE ONLY 50% OF MY CURRENT ANNUAL SALARY. WILL THAT REDUCTION IN ONE YEAR OF INCOME AFFECT OR REDUCE THE MONTHLY SS BENEFIT IF I DONT CONTINUE TO EARN WHAT I CURRENTLY DO?

Hi,