Robert Brokamp
speaker
4,580 appearances
41 recordings
3 series
first heard Oct 2025
last heard yesterday
Robert Brokamp’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 41 in all, peaking in Sep 2026 with 5.
Appearances
Delayed retirement credits.
Okay, so we've covered the basics of how a Social Security benefit is calculated.
How can you estimate the amount that you will receive?
Well, you start by accessing your Social Security statement, which can be downloaded at Ssa.gov forward slash my account.
It contains your earnings history, estimate disability benefits, estimate benefits for your survivors.
It also includes a projected retirement benefit based on a range of claiming ages.
And just know that those projections are shown in today's dollars.
So if, for example, your projected benefit at age 67 is say $3,000 a month, it'll likely be higher than that on a nominal basis, but roughly have the same purchasing power as $3,000 today.
Now it's important to know that the estimates you'll see in your statement assume you'll earn the same annual income in the future as you did in the most recent year for which the Social Security Administration has information.
It also assumes that you'll earn that income every year up until the year you claim benefits.
But that may not be the case, perhaps because retired at one age but delayed claiming to an older age.
The projections in your statement will also not be accurate if your income changes materially between now and when you claim benefits, which will be the case for Fred, the fool who posed the question at the beginning of this episode and expects to go eventually part-time and reduce his income by 50%.
In these cases, you may get a more refined estimate from the Social Security Detail Calculator, which can be found at, and this is the long URL here.
SSA.gov forward slash OACT forward slash N E P I A forward slash N E P I A dot HTML.
And if you didn't get all that, just do an online search for the Social Security Details calculator.
And just know that if you want to use it, you have to download it onto your computer.
Another excellent free resource that may be helpful is SSA.tools, created by a member of the esteemed Bogleheads community.
And a final resource to consider is maximize my socialsecurity.com, which costs $49 a year but allows you to enter past earnings, which actually can be imported.
And then you can manually enter future earnings assumptions and come up with a benefit estimate.
And the software will also recommend a claiming age for you.
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