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Social Security then calculates your Average Indexed Monthly Earnings (AIME) by determining the average inflation-adjusted monthly income that you earned during the 35 years when your earnings ...
It would be great if more calculators allowed you also to include spousal earnings. ... as the Full Retirement Age, when Social Security hits 100% payout. ... in-depth Social Security Calculators ...
The SSA option will provide an estimate based on your earnings record with the agency. ... benefit of $1,338 if you file for Social Security at 62; $1,911 at full retirement age (in this case, 67 ...
Social Security looks at your 35 highest-earning years to calculate your Average Indexed Monthly Earnings (AIME), which determines your monthly benefit. Here's what happens if you don't have a ...
Despite what you might have heard, Social Security will not run out of money next decade. But under the current system, the program's reserve trust funds are expected to be tapped out by 2035 ...
The new version of the benefits calculator requires less input from the user by making use of the Social Security database to determine past wages. The Social Security administration rolled out a ...
Earnings record: This comes into play if you are currently receiving Social Security benefits based on your spouse’s work history. If you also worked and earned credits, you might qualify for a ...
Image source: Getty Images. 1. Working while collecting benefits. If you continue to work while collecting Social Security, there are two potential effects on your retirement benefits.