2023 - ERB FINANCIAL

  • Home
  • About
    • Our Company
    • Our Team
  • Tax
    Services
  • Investment
    Services
  • Resources
    • Helpful Links & Websites
    • Financial Calculators
    • Tax Topics
    • Tax Preparation Checklist
    • Newsletters
    • Forms & Worksheets
    • Women and Investing
  • Blog
  • Contact
    • Contact Us
    • Driving Directions
  • broker

Retirement Income

Social Security retirement benefits are based on the following:

  • Lifetime earnings.
  • Age at time of retirement.

Lifetime Earnings

Higher lifetime earning result in higher benefits.  The highest 35 years are used to calculate average monthly earnings.  Each year is indexed for inflation to approximate what earnings for that year would be in today’s dollars.  Earnings for each year are also capped by the Social Security maximum earnings subject to Social Security tax for that year.  After calculating the avberage indexed monthly earnings, a formula is used to determine the primary insurance amount (PIA).

Read More…

Retirement Income

Filed Under: Retirement, Tax Topics

Call: (585) 426-8190

sidebar-Group-Indoors

Retirment Savings Challenges for Women


©2025 Broadridge Investor Solutions, Inc.

Receive Our Newsletter

Subscribe Now

Recent Posts

  • Erb Financial: May Newsletter
  • Are Extended Warranties Worth It?
  • Life Insurance in Retirement
  • Versatile 529 Plans Can Help with More than Just College
  • Prime Workforce Stays Strong
  • New Social Security Identity Verification Rule: Are You Affected?
  • Cost of Living Varies Widely Across the U.S.

Post Topics

Recent Posts

  • Erb Financial: May Newsletter
  • Are Extended Warranties Worth It?
  • Life Insurance in Retirement
  • Versatile 529 Plans Can Help with More than Just College
  • Prime Workforce Stays Strong

Tax Help

Investment Help

Subscribe to Newsletter

Financial Calculators

Call: (585) 426-8190

rochester erb financial
Contact Us

rochester erb financial Check the background of this investment professional on
FINRA’s BrokerCheck

Copyright 2019 - ERB FINANCIAL is an independent contractor who offers Securities and Investment Advisory Services through Ashton Thomas Securities, LLC, member FINRA/SIPC, 200 Canal Park Blvd, Rochester, NY 14623, 585-424-1234 • Ashton Thomas Securities, LLC and Erb Financial are separate entities; There is no common ownership between the two. Ashton Thomas Securities, LLC is a Member of [FINRA] and [SIPC]
[financial advisors websites]

  • Home
  • About
    ▼
    • Our Company
    • Our Team
  • Tax
    Services
  • Investment
    Services
  • Resources
    ▼
    • Helpful Links & Websites
    • Financial Calculators
    • Tax Topics
    • Tax Preparation Checklist
    • Newsletters
    • Forms & Worksheets
    • Women and Investing
  • Blog
  • Contact
    ▼
    • Contact Us
    • Driving Directions
  • broker