Q & A
I have an offer to join a new company and, if I accept it, my earnings will be much lower than now for at least several years. Can I estimate how lower earnings will reduce my future Social Security retirement?
Answer: Yes. Estimate the effect of lower or higher future earnings with the Retirement Estimator at http://www.socialsecurity.gov/estimator. One of the Social Security retirement planning tools at www.socialsecurity.gov/retire2, the Estimator connects to your actual Social Security earnings record to provide personal retirement estimates at age 62, at full retirement age, and at age 70. Read more…
Source: Howard I. Kossover, Social Security Administration Public Affairs Specialist
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.