3 ms·

~$400k in lifetime earnings fills out the 90% AIME bracket; ~$2M in lifetime earnings fills out the 32% bracket. I think that, so long as you're still in that 3

~$400k in lifetime earnings fills out the 90% AIME bracket; ~$2M in lifetime earnings fills out the 32% bracket. I think that, so long as you're still in that 32% bracket, you're more likely than not getting (small) positive returns from paying SS taxes. Though I agree, it'd be silly to continue working or to declare higher income purely for that.

loeg 5y ago
To clarify, my comment was about annual income; not lifetime. Income in any given year beyond the annual cap does not affect your SS lifetime earnings. (I think you probably know that, just adding it for other readers.)