Calculating Your Social Security Retirement Benefit - Dallas Morning News
Social Security is, arguably, the most important retirement program in the United States. More than 65 million workers and their dependents get benefits in retirement, and a majority say that Social Security is a “major” part of their retirement income. With all that said, it is somewhat mysterious that so few people understand how their SS retirement benefit is actually calculated. Thatcould be for a variety of reasons, but may be because they’ve looked and found the whole benefit computation formula complicated and confusing – too much so to dig deeper for a full understanding. If that is true for you, then help can be found in this article by Tom Margenau appearing in The Dallas Morning News, which provides a “Social Security 101” level description of how Social Security retirement benefits are computed. Click here to read more.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. Learn more about it here…