Preparing to Camp Host
Hello Fellow RV'rs and Lovers of the Great Outdoors, My wife and I are in the process of retiring and moving to a life outdoors. Starting in Spring 2021, for the next 3-4 years we plan to Camp Host...
Forum Discussion
In addition to a campsite, what pay are you expecting? Have you run the numbers of not working those last few years and the effect on your SS monthly benefit? See...https://www.ssa.gov/benefits/retirement/planner/stopwork.html
“If You Stop Work Before You Start Receiving Benefits
If you stop work before you start receiving benefits and you have less than 35 years of earnings, your benefit amount is affected. We use a zero for each year without earnings when we calculate the amount of retirement benefits you are due. Years with no earnings reduces your retirement benefit amount.
Even if you have 35 years of earnings when you stopped working, some of those years may be low-earning years. When you file for retirement benefits, those years are averaged into your calculation, creating a lower benefit. However, if you had continued to work, your low earning years are replaced with your high earning years. Higher earnings increase your benefit amount.”
“If You Stop Work Before You Start Receiving Benefits
If you stop work before you start receiving benefits and you have less than 35 years of earnings, your benefit amount is affected. We use a zero for each year without earnings when we calculate the amount of retirement benefits you are due. Years with no earnings reduces your retirement benefit amount.
Even if you have 35 years of earnings when you stopped working, some of those years may be low-earning years. When you file for retirement benefits, those years are averaged into your calculation, creating a lower benefit. However, if you had continued to work, your low earning years are replaced with your high earning years. Higher earnings increase your benefit amount.”
