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Calculating your Social Security break-even age can help you decide when the best time is to begin taking benefits. You can do that using a Social Security break-even calculator.
Regarding Social Security, there's a little-known rule that can greatly impact your monthly benefits: your payments are calculated based on your 35 highest-earning years. If you haven't worked a ...
Here's a little context: The overall average monthly Social Security retirement benefit for those of all ages was $1,922 as of September. That's about $23,000 annually -- for this year.
Early retirement may seem tempting if you have a $1.2 million nest egg, ... Social Security is based on a percentage of average wages in your 35 highest earning years. If you started working at 18 ...
How to max out Social Security's retirement benefits. ... Earning that kind of yearly return on $3,000 worth of annual contributions would leave you with a nest egg of nearly $900,000 after 35 ...
In 2024, the maximum monthly Social Security benefit at full retirement age was $3,822. In 2025, it's rising to $4,018. ... Even if you don't have a large nest egg to fall back on, let's say you ...
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