Social Security is a public insurance program with thousands of rules that affect the benefits that each citizen can receive. Gaining some sense of what the program includes and the financial soundness of the program helps one begin to understand how the program can help them.
The method for calculating the benefit amount is complex but a general understanding will allow one to make informed decisions that will enhance their future benefit. The class will look at this process in order to build that level of understanding.
Many people can qualify for more than one benefit during their life, but some of these benefits or their timing can have significant negative impact on the amount one will receive in future benefits. Several decisions must be made by the individual and the employees of the Social Security Administration are not allowed to advise how to best utilize this program. This class will examine these benefits and their interaction using both explanation and case studies to illustrate the interaction and best choices to make. Special benefit cases are identified.
The class will briefly review public tools used to guide these choices.