Hello, Since Social Security takes your best 35 years and apply a formula based on price index's it will have a small effect. If you do not work at all they would enter zero's in the calculation so working would be better. Here is how Social Security explains it http://www.socialsecurity.gov/pubs/10070.html. Thanks Tom
What about the calculation based on "stopped working" age? Does it matter if I stop working at year's end December 31, 2011 while still technically 55 or should wait two more weeks to quit on my 56th birthday January 14, 2012 so that i'll be officially 56 years old for the calculation?
The stop work date will not make a significant difference. Thanks Tom