Social Security Benefits Formula 101: A Practical Primer

Source: Francine J. Lipman, James E. Williamson, American Bar Association – Section of Taxation News Quarterly, Vol. 29, No. 4, Summer 2010

From the abstract:
Despite the broad and deep reliance on Social Security benefits, very few of the hundreds of millions of current and future beneficiaries understand how the program works. This article presents through a hypothetical couple some of the basic concepts of the Social Security benefits formula.

Leave a Reply