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work longer, get less
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Social Security
work longer, get less
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I am 54 and I was recently reviewing my retirement possibilties. I was looking at my 2011 and 2010 statements from SS and noticed that all the numbers on my statement amounts went DOW
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Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:17f83b76-a805-4002-b497-6dbb421b0b8a
Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:17f83b76-a805-4002-b497-6dbb421b0b8aDiscussion:176a70c1-e3a6-438c-89a5-6e62c172a371
Forums » Work & Retirement » Social Security » work longer, get less
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work longer, get less
posted at July 16, 2012 3:12 PM EDT
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Posts: 3
First: July 16, 2012 Last: July 17, 2012 |
I am 54 and I was recently reviewing my retirement possibilties. I was looking at my 2011 and 2010 statements from SS and noticed that all the numbers on my statement amounts went DOWN on the 2011 from 2010 statement. That doesn't make sense to me. Only went down a few dollars but still...frustrating.
I'm trying to get my 2012 statement now since they stopped mailing it. Maybe by the time I can retire the amount I will get will be down to zero! Does anyone know if this is correct? Or should I contact SS and ask about it? |
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Re: work longer, get less
posted at July 17, 2012 10:59 AM EDT
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Posts: 3
First: July 16, 2012 Last: July 17, 2012 |
the est benefit. 2009 2010 2011 earnings up up up est benefit up up down Ive heard talk the soc security tax went down in 2010 to cause this. I will check my paystubs to make sure. I sure hope if I'm getting less then I'm paying less now too. |
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Re: work longer, get less
posted at July 17, 2012 4:54 PM EDT
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Posts: 1924
First: November 27, 2011 Last: May 31, 2013 |
In Response to Re: work longer, get less: the est benefit. 2009 2010 2011 earnings up up up est benefit up up down Ive heard talk the soc security tax went down in 2010 to cause this. I will check my paystubs to make sure. I sure hope if I'm getting less then I'm paying less now too. Posted by noodles66 You are paying in less in taxes. Remember you are getting that 2% employee payroll tax reduction at least through the end of 2012. However, your SS benefits are figured on earnings but the estimate is just that - an ESTIMATE. The most important thng on your benefits statement is that your earnings are recorded correctly. |
Forums » Work & Retirement » Social Security » work longer, get less
