I’m filling out the form so I can get estimated statements. I’m currently not working regularly anymore, and honestly don’t know when I’ll work again. I’ve workied PT this year and the gig is over in a month, and who knows what or when another will come again that I want to do They want to know when I plan on retiring and future earnings. I’m 58 now.
Do I put 60 and just put what I made this year? Should I put 58 and no future earnings to be conservative. I guess there’s no harm in that.
Put your age NOW.
Thanks @thumper1
Yes. Put your actual age and what you made. That gives you the bottom figure. Then, see if you can play with different scenarios to see how much [or little] difference it makes. Not sure SSA is that flexible. my pension plan is, and it’s very useful to see what working to XX age at YY salary does.
What do you mean okay with different figures? I just have to fill out this form so I can get my estimated statements.
@conmama, I guess I misunderstood (or didn’t understand) the purpose of the form you were filling out. If it is some sort of binding election, then of course you have to fill it out with current information. But, if it’s a planning tool (one that lets you plug in different numbers to see what happens if you make X amount each of the next two years), that’s what I was talking about. Sorry if I made things more confusing rather than less.
Maybe what you’re looking at is the online benefits information that used to come in an annual mailing? In that case, the form is just asking for an update.
Thank you for your help and response, anyway. Yes, I am just looking for a benefits update statement.
Put your future income as zero for the most conservative estimate.
The S.S. estimator will automatically assume your earnings will be the same – for each successive year-- as the $ amount you reported for the last year’s income that they have on record. If you believe you will have zero (0) earnings for each of the years leading up to your Full Retirement Age (age 66 currently, age 67 for those born after 1960, or add 2 months for each year for those born 1955-1959), then input ‘0’ for each of those years.
Ok, thanks all.