Jonathan Peterson - Social Security For Dummies

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“Social Security for Dummies is a must read for people of any age who want a comfortable retirement. … The difference between a smart claiming strategy and a dumb one can cost you hundreds of thousands of dollars, so you'll want to invest in this book.”  —Liz Weston,
Your Credit Score and
The 10 Commandments of Money 
Claim the benefits you’ve earned  The award-winning 
now in its fourth edition— is the one guide you need to navigate the often-complex world of Social Security benefits. You’ll learn when to start claiming, how much you can expect to receive, where to find Social Security calculators, and more. 
Since 1937, workers across the United States have set aside a portion of their wages to fund Social Security, which, for many of us, forms the basis of our retirement income. Despite its central importance in our lives, few of us understand how Social Security really works. That’s where 
 comes in. Written in an easy-to-follow, clear language, it provides comprehensive information on how to negotiate the sometimes labyrinthine system and claim everything you qualify for. You’ll learn how to: 
· Navigate the Social Security website 
· Know which options you qualify for 
· Use Social Security calculators 
· Get answers to frequently asked questions 
Retirement is the time for you to kick back, relax, and enjoy the fruits of your labors—
 makes it easier.
Praise for Social Security For Dummies : 

 is a must read for people of any age who want a comfortable retirement. Jonathan Peterson does a great job of explaining this complicated system and helps you understand how to get the most from the benefits you've earned. The difference between a smart claiming strategy and a dumb one can cost you hundreds of thousands of dollars, so you'll want to invest in this book.”
 
—Liz Weston, The Ten Commandments of Money “This is your go-to book on Social Security. Chock-full of useful tips, easy to use, and well organized, it answers all your questions about Social Security.”
Money for Life: Turn Your IRA and 401(k) Into a Lifetime Retirement Paycheck Steve Vernon,

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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

List of Tables

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

List of Illustrations

1 Chapter 3FIGURE 3-1: The amount of your monthly benefit depends on the age you start rec...

Guide

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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Introduction

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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