WebAug 13, 2024 · One key calculation to keep in mind, though, in deciding when to take benefits, is “breakeven,” or the point at which the amount you receive if you claim later equals the amount you would have ... WebSep 2, 2024 · Myth: I should claim based on my break-even date Westend61 One key measure people often reference in connection with Social Security retirement benefits is the break-even date.

Your Essential Social Security Break-Even Point

WebApr 25, 2016 · The assumption underlying the traditional breakeven analysis is that you will immediately spend the money, and so time value is of minimal importance as long as … WebJul 11, 2024 · So, let’s say your projected monthly benefit is $2,871 if you apply for Social Security at your full retirement age of 67; $2,054 if you file at age 62; and $3,706 if you … shut laptop screen settings

Social Security break-even calculations can be misleading for

WebMore specifically, here are the formulas for determining my monthly paycheck (again, for those born in 1960 or later): Take full retirement benefit (no more or no less) at age 67. From 64 years to 66 years, 11 months, … WebDec 22, 2024 · Social Security retirement benefits are primarily based on two factors: your average income over your working life and your age when you claim them. You get … WebJul 16, 2024 · Getty Images/iStockphoto. When considering the age you should file for Social Security benefits, often a break-even analysis is performed to compare the result between one filing age versus ... shut laptop screen without making it sleep