From 24/7 Wall St. · Gerelyn Terzo · · 1m
Guinness Closes Baltimore Brewery
Guinness shutting Baltimore brewery costs 63-year-old's Social Security benefits.
In brief
Guinness shutting Baltimore brewery costs 63-year-old's Social Security benefits. Guinness closing Baltimore brewery at 63 costs man two high-earning years to boost Social Security. Originally reported by 24/7 Wall St..
Guinness closing Baltimore brewery
Guinness shuts $90 million Baltimore brewery on Nov 1.
174 workers lose jobs
174 Aramark employees lose work at brewery closure.
63-year-old plans Social Security boost
63-year-old planned two more years to replace weak Social Security years.
Social Security rule explained
Social Security uses highest 35 years for benefit calculation.
Two years could add $333 monthly
Two more years at $70,000 would replace weak years and add $333 monthly.
Current benefit impact
His monthly benefit could increase by $107 before COLAs.
20-year benefit gain
20 years of retirement could add $25,600 before COLAs.
Claiming early risks
Claiming Social Security early reduces monthly benefit for life.
Here's the gist
Guinness closing Baltimore brewery at 63 costs man two high-earning years to boost Social Security.
