People Didn’t Even Live to 65 Myth: Congress Keeps Pushing Benefits Higher than Intended Myth: Older Folks Are Greedy Geezers Who Don’t Need All Their Social Security Chapter 16: Ten Reasons Young People Should Care about Social Security If You’re Lucky, You’ll Be Old Someday Your Parents Will Be Old Even Sooner You’re Paying into the System Now You Benefit When Social Security Keeps People Out of Poverty You May Need Benefits Sooner than You Think Social Security Ensures That Time Doesn’t Eat Away at Your Benefit Social Security Benefits Are One Thing You Can Hang Your Hat On The System Works The Alternatives Are Worse Life Is Risky Chapter 17: Ten Choices Facing the Country about the Future of Social Security Whether to Increase the Earnings Base Whether to Cover More Workers Whether to Raise Taxes Whether to Cut Benefits Whether to Modify the Inflation Formula Whether to Raise the Full Retirement Age How to Treat Women More Fairly Whether to Divert People’s Taxes to Private Accounts Whether to Create a Minimum Benefit Whether to Give a Bonus for Longevity
10 Part 6: Appendixes Appendix A: Glossary Appendix B: Resources Social Security Medicare AARP Other Sources Appendix C: Strengthening Social Security
11 Index
12 About the Author
13 Advertisement Page
14 Connect with Dummies
15 End User License Agreement
1 Chapter 1 TABLE 1-1 Probabilities of Death or Disability
2 Chapter 3 TABLE 3-1 Full Retirement Age Based on Year of Birth TABLE 3-2 Increase for Delayed Retirement TABLE 3-3 Primary and Spousal Benefits at Age 62
3 Chapter 4 TABLE 4-1 Visa Classifications That Allow You to Work in the United States
4 Chapter 9TABLE 9-1 Reductions in Spousal Benefits
5 Chapter 11TABLE 11-1 A Comparison of the SSDI and SSI ProgramsTABLE 11-2 Work Credits Needed for Disability BenefitsTABLE 11-3 Work Needed to Pass the Recent-Work TestTABLE 11-4 Examples of Work Needed to Pass the Duration-of-Work Test
6 Chapter 13TABLE 13-1 Annual Retirement Earnings Test Exempt AmountsTABLE 13-2 For People Younger than Full Retirement Age during the Whole Year (20...
7 Appendix CTABLE C-1 Ways You Can Increase RevenueTABLE C-2 Ways You Can Reduce BenefitsTABLE C-3 Ways You Can Enhance Benefits
1 Chapter 3FIGURE 3-1: The amount of your monthly benefit depends on the age you start rec...
1 Cover
2 Title Page
3 Copyright Page
4 Table of Contents
5 Begin Reading
6 Index
7 About the Author
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You’re reading this book, so you’re probably thinking about the future — for yourself or for your loved ones. You probably want to know more about the Social Security benefits that could go to you and your family one day and how that money will meet your needs. You may also be thinking about the next phase of your life. Will it be financially comfortable? Will it be a struggle? If you’re like many people, you wonder whether you’re going to outlive your savings. Will Social Security keep you afloat? Can you count on your Social Security benefits? What should you know about the program? How can you find the information you need?
Despite its significance in modern life, Social Security is rarely explained clearly in one place. Not in a way that lays out the program and explains how you fit in, all the protections Social Security offers, and what they mean for you and your loved ones. Not in a way that empowers you to plan right and face the bureaucracy with your eyes open. Not in a way that tells you what you need to know about the rules that affect benefit amounts and eligibility. But understanding this stuff is important — for you and for those who depend on you.
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