Are The AWI Calculations Already Baked In?
I am trying to get a handle on (age 57) what my future benefit might be at age 70. I have an idea, utilizing the SSC retirement calculator. What I don't understand is: 1. Are AWI calculations already baked in? If not, how would I figure those in and account for them - yearly averages, start with my estimated benefit at 70 and add the percentage every year until 62? 2. Same questions for COLA(62-70). Using a hypothetical of a current estimated benefit of $1000 at age 70, how do I figure out what my true estimated benefit might be if I account for AWI and COLA? Thanks