Social Security Benefits Formula 101: A Practical Primer
American Bar Association - Section of Taxation News Quarterly, Vol. 29, No. 4, Summer 2010
3 Pages Posted: 10 Jul 2010
Date Written: July 10, 2010
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.
Keywords: Social Security, Retirement Benefits, Baby Boomers
JEL Classification: D31, D61, H21, H23, H55, I31, I38, J26, K34
Suggested Citation: Suggested Citation