Good morning,
I believe I've seen some posters say that their SS benefit would be $x at age x, even if they FIRE now. If I'm reading correctly, my statement says that my benefit would be roughly $2k a month, assuming that I continue to earn at least my current salary until retirement age. Is that correct? How can I see where it says what it would be if I stopped working? I'm nowhere near FI, so it's not imperative, but I am curious.
Also, the statement shows the benefit that my spouse/child would get if I were to die. It shows that my child would get $1400 per month and my spouse who is caring for a child would get $1400 per month. Does that mean that if I die now, my family would receive approx $2800 per month? It does say that the most one family can receive is $3200, so I'm taking that to mean that my next child would not get an additional $1400 per month if I were to die.
Thanks for any insight. I'm only 31, so I'm not putting a lot of faith into my SS retirement benefit number, but it's nice to at least know what it is supposed to be.