Learn how the Old-Start Method can affect your Social Security Retirement Benefits. https://www.ssa.gov/OP_Home/cfr20/404/404-0242.htm The Old-Start Method is a way to calculate Social Security Retirement Benefits for those who do not have enough work credits under the Average Indexed Monthly Earnings (AIME) method. In this blog post, we will discuss how the Old-Start Method can affect …
It is important to understand how the Social Security Administration (SSA) calculates your primary insurance amount (PIA) and how it affects your monthly benefit amount. According to § 404.201 of the SSA guidelines, the PIA is the basic figure used to determine your monthly benefit amount. https://www.ssa.gov/OP_Home/cfr20/404/404-0201.htm In this article, we will explain what is …
If you reached age 62, became disabled, or died before 1979, the Social Security Administration (SSA) may calculate your primary insurance amount (PIA) using the average-monthly-wage method. https://www.ssa.gov/OP_Home/cfr20/404/404-0220.htm This method can also apply under certain conditions if you reached age 62 between 1979 and 1984. In this blog post, we’ll break down the average-monthly-wage method …
When it comes to Social Security Disability benefits, your primary insurance amount (PIA) plays a crucial role in determining your monthly payment. https://www.ssa.gov/OP_Home/cfr20/404/404-0204.htm There are several methods used to compute your PIA, which can be confusing to navigate. In this blog post, we will break down the general methods and special methods for calculating PIAs, …