Social Security For Dummies
Format: PDF / Kindle (mobi) / ePub
The easy way to get a handle on Social Security
Are you or a loved one looking to understand how Social Security benefits work? Social Security For Dummies helps you better understand and navigate the U.S. Social Security Administration, covering important topics such as how benefits are funded and distributed, the various Social Security options and how to qualify, and deciding when to start accepting Social Security benefits.
Additionally, it explains the history, regulations, and significant changes to U.S. Social Security, as well as considerations for the future of the program.
- Advice for ensuring you're receiving your maximum benefits
- Gives you a thorough breakdown of how benefits are determined and what programs are sponsored by the Social Security Administration
- Covers challenges and considerations for those with special circumstances
Whether you're receiving Social Security benefits, helping someone who is, or thinking about beginning to accept benefits yourself, Social Security For Dummies is a must-have resource for navigating this complicated (and sometimes confusing) landscape.
higher‐earning spouse may file for benefits at full retirement age but officially suspend them, a maneuver that opens the door for the partner to begin spousal benefits. Meanwhile, the higher earner waits to begin collecting an enhanced, delayed benefit at 70. In Chapter 9, I delve into this and other strategies that married couples can use to maximize payments. Chapter 3: Deciding When to Start Collecting Retirement Benefits Social Security applies a monthly reduction rate to spousal
Let’s face it: Not everyone who’s old enough to apply for, say, retirement benefits, keeps his or her birth certificate on top of a neat pile on the kitchen counter. No need to panic. If you end up in that situation, you have a few choices to establish your age with the SSA. For starters, the state where you were born can probably provide you with an official copy, for a fee. Go to www.cdc.gov/nchs/w2wbac.htm to find the office for the state where you were born. Typically, all you need to
Security Number Has a Racial Code in It................... 254 Myth: Members of Congress Don’t Pay into the System......................... 255 Table of Contents Myth: Social Security Is Going Broke......................................................... 256 Myth: The Social Security Trust Funds Are Worthless............................ 256 Myth: I’d Be Better Off Investing in Stocks................................................ 257 Myth: Undocumented Immigrants Barrage Social Security
at all levels of its evaluation process. An impairment doesn’t need to be on the list to qualify as a disability. If your condition is listed, however, that goes a long way toward getting a claim approved. 183 184 Part III: Who Benefits and When Can you perform the tasks required by your former job or a similar job? Your age becomes extremely important at this stage of the process. Age is a factor in whether you should be approved for benefits. The SSA recognizes that an older worker with
by legal formulas, stand out in a world of vanishing pensions, risky financial markets, rising healthcare costs, and increasing longevity. Although the program faces a potential financial shortfall in the future, its most fundamental features aren’t expected to change. In the following sections, I look at specific groups of people who benefit from Social Security. Chapter 1: What Social Security Is and Why You Need It Benefits for retirees More than 41 million retirees and their spouses get