Jun 24, 2009
| Retirement Is a Full-time Job: And You're the Boss! |
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| How to Love Your Retirement: Advice from Hundreds of Retirees (Hundreds of Heads Survival Guides) |
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| How to Retire Happy, Wild, and Free: Retirement Wisdom That You Won't Get from Your Financial Advisor |
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The computation is based on the 35 years of highest earnings, with earlier years assigned a multiplier based on cost of living. So wages earned long ago are adjusted to today’s dollars.
It is not necessarily true that the last years you work have the most impact on your benefits.
You would be able to find out more information concerning this from the Social Security Administrations website.http://www.socialsecurity.gov/planners/c…
it is the accumulation of all the years you have workedand contributed to social security.
Your benefits are calculated by using the top thirty five years of your earnings. When you receive your yearly statement that is an estimate assuming you earn the same as the last year shown on your statement.