the extra income making a huge difference in social security isnt as great as he said at 49:27 ... if its 90% of the first $10,000 a year in averaged earnings in 2020 when this was recorded , she surely has made more than 350k in her career if she has 500k in retirement and two years living expenses....350k divided by 35 years is 10k aveage per year...and the next level today in 2023 is you only get 32% of the next $5,606 you earned on average above the first level ... so its better sure , but 32% is def not that huge 90% area he was talking about
Flexible Spending + Kitces = Gold. Thank you ChooseFI. You are rockstars!!!
This really needs some bookmarks
the extra income making a huge difference in social security isnt as great as he said at 49:27 ... if its 90% of the first $10,000 a year in averaged earnings in 2020 when this was recorded , she surely has made more than 350k in her career if she has 500k in retirement and two years living expenses....350k divided by 35 years is 10k aveage per year...and the next level today in 2023 is you only get 32% of the next $5,606 you earned on average above the first level ... so its better sure , but 32% is def not that huge 90% area he was talking about
Is this a repost of the previous kitces interview?