Quote:
Originally Posted by OrangeBlossomBaby
According to the AARP calculator, someone my age, never married (because I didn't want the calculator to count anyone else's income in this experiment), who earns $100,000, can expect approximately $2848/month when they reach full retirement age.
In order to reach that $3148/month (maximum you can possibly get at full retirement age, from your own earnings) you would need to have worked for more than 30 years at over $100,000 per year. In fact, you'd need to have earned more than $200,000 per year.
But $200,000 per year is more than $100,000 per year, and I said it had to be more than $100,000 per year.
So - yup.
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"I read it, so it must be true"..................nope!!!
In the '90's, SS max'd out in the $50k to $70k range...........it did not good to make over $100,000. Thru 2007, the max was less than $100k.
Don't believe everything you are told, facts are better.