Social Security 101: What's In It For Me? (Full Version with Q&A)


Uploaded by SocialSecurityOnline on 18.04.2012

Transcript:
>> ♪♪
>> HI, I'M BRIAN SIMPSON WITH THE SOCIAL SECURITY
ADMINISTRATION.
THANKS FOR JOINING US TODAY.
DURING THIS WEBINAR, WE'LL DISCUSS SOME THINGS YOU PROBABLY
DIDN'T EVEN KNOW ABOUT SOCIAL SECURITY,
LIKE HOW IT CAN HELP YOU AT MANY DIFFERENT POINTS THROUGHOUT YOUR
LIFETIME, NOT JUST AT RETIREMENT.
AS WE'LL EXPLAIN SHORTLY, SOCIAL SECURITY HAS SERVED AS
A FINANCIAL SAFETY NET FOR MILLIONS OF PEOPLE AND THEIR
FAMILIES DURING TIMES OF PERSONAL HARDSHIP, TRANSITION,
AND UNCERTAINTY.
BUT BEFORE WE GET STARTED, LET'S GO OVER A FEW POINTERS JUST TO
BE SURE EVERYONE GETS THE MOST OUT OF THIS WEBINAR.
IF YOU HAVE ANY QUESTIONS DURING THE COURSE OF THIS WEBINAR,
YOU MAY SUBMIT THEM BY SIMPLY CLICKING ON THE BUBBLE
ABOVE MY HEAD.
WE'LL GET TO AS MANY OF YOUR QUESTIONS AS WE CAN AT THE
END OF THE PRESENTATION.
I ALSO ENCOURAGE YOU TO FILL OUT OUR BRIEF SURVEY.
IT WILL HELP US TO SERVE YOU BETTER IN FUTURE PRESENTATIONS.
YOU'LL FIND THE SURVEY AND LINKS TO BROCHURES AND WEBSITES THAT I
WILL REFERENCE THROUGHOUT THIS WEBINAR CONVENIENTLY LOCATED IN
THE LINKS SECTION.
JUST CLICK ON THE PAPER CLIP ICON RIGHT ABOVE MY HEAD TO
ACCESS THE SURVEY AND THE LINKS.
NOW FIRST, RIGHT UP FRONT, I WANT TO TALK TO YOU ABOUT A
QUESTION I GET WHENEVER I AM OUT TALKING TO YOUNG PEOPLE ACROSS
THIS COUNTRY AND THAT IS, WILL SOCIAL SECURITY BE THERE FOR ME?
THE ANSWER IS YES, IT WILL.
BUT CHANGES WILL NEED TO BE MADE IN THE PROGRAM.
FOR MORE THAN 75 YEARS NOW, THE SOCIAL SECURITY PROGRAM HAS
TOUCHED THE LIVES OF NEARLY EVERY AMERICAN IN THIS
COUNTRY AND ABROAD.
WE RUN ONE OF THE NATION'S LARGEST INSURANCE PROGRAMS.
EACH YEAR, 160 MILLION WORKERS PAY INTO SOCIAL SECURITY,
WHICH IN TURN PAYS MONEY TO 53 MILLION PEOPLE.
BUT IN THE LAST SEVERAL DECADES, A COUPLE OF MAJOR THINGS HAVE
HAPPENED IN AMERICAN SOCIETY.
FIRST, PEOPLE ARE LIVING A LOT LONGER THAN THEY USED TO.
THE AVERAGE MAN WHO REACHES AGE 65 CAN EXPECT TO LIVE
UNTIL ABOUT AGE 81.
THE AVERAGE 65-YEAR-OLD WOMAN CAN EXPECT TO LIVE UNTIL AGE 85.
THIS MEANS THAT TODAY'S YOUNG WORKERS, LIKE YOU,
CAN EXPECT TO SPEND ABOUT 20 YEARS IN RETIREMENT.
WHAT'S MORE, PEOPLE ARE HAVING FEWER CHILDREN THAN THEY DID IN
PAST GENERATIONS.
THE END OF WORLD WAR II PRODUCED A LARGE SPIKE IN BIRTHS FORMING
THE BABY BOOM GENERATION.
SINCE 1960, THE BIRTH RATE HAS DECLINED IN A BIG WAY.
THIS MEANS THERE WILL BE FEWER FUTURE WORKERS TO SUPPORT THE 80
MILLION BOOMERS WHO ARE REACHING RETIREMENT AGE.
THE COMBINATION OF THE LARGE BABY BOOMER GENERATION AND THE
INCREASED LIFE EXPECTANCY WILL RESULT IN ALMOST 20% OF THE
POPULATION BEING OVER AGE 65 BY THE YEAR 2035.
I WANT YOU TO KNOW, THE PROGRAM IS STILL STRONG AND WILL BE FOR
DECADES TO COME.
BUT IT'S NO SECRET THAT CHANGES ARE NEEDED TO MAKE SURE IT
REMAINS STRONG, NOT ONLY FOR YOU, BUT FOR YOUR CHILDREN,
GRANDCHILDREN, AND OF COURSE, FUTURE GENERATIONS.
ANY CHANGES TO SOCIAL SECURITY WILL NEED TO BE WORKED OUT
BETWEEN CONGRESS AND THE ADMINISTRATION.
SO NOW LET'S TAKE A CLOSER LOOK AT HOW SOCIAL SECURITY WORKS AND
HOW IT AFFECTS YOU.
REMEMBER THE DAY YOU GOT YOUR FIRST PAYCHECK AND WHAT IT
ACTUALLY LOOKED LIKE?
WERE YOU SURPRISED TO SEE THOSE DEDUCTIONS COME OUT FOR FEDERAL
AND STATE TAXES AND SOMETHING CALLED FICA, OR OASDI?
I KNOW I WAS.
IF YOU HAVEN'T STARTED TO WORK YET,
YOU'LL SEE WHAT WE MEAN ONCE YOU DO.
NOW IT'S IMPORTANT TO KNOW WHAT FICA OR OASDI MEANS AND HOW IT
RELATES TO SOCIAL SECURITY.
YOU SEE, WHEN YOU WORK, YOU PAY TAXES INTO SOCIAL SECURITY.
THESE TAXES ARE COLLECTED UNDER THE FEDERAL INSURANCE
CONTRIBUTIONS ACT, OR FICA FOR SHORT.
OASDI IS JUST ANOTHER ABBREVIATION FOR SOCIAL
SECURITY TAXES.
YOU MAY NOT HAVE REALIZED THIS WHEN LOOKING AT YOUR PAY STUB.
BUT FICA ALSO REQUIRES YOUR EMPLOYER TO MATCH WHAT YOU PAY
AND CONTRIBUTE MONEY TO THE SOCIAL SECURITY TRUST FUND.
SO WHAT DO WE MEAN BY THE TRUST FUND?
WELL, WHEN WE TALK ABOUT THE SOCIAL SECURITY TRUST FUND,
WE'RE REFERRING TO THE MONEY RECEIVED FROM THE
FICA TAX DOLLARS.
85 CENTS OF EVERY SOCIAL SECURITY TAX DOLLAR YOU PAY GOES
INTO A TRUST FUND THAT'S USED TO PAY CURRENT RETIREES,
WIDOWS AND WIDOWERS, AND ANY ELIGIBLE FAMILY MEMBERS OF
RETIRES AND OF WORKERS WHO HAVE DIED.
THE OTHER 15 CENTS GOES INTO A TRUST FUND THAT'S USED TO PAY
PEOPLE WITH DISABILITIES AND THEIR ELIGIBLE FAMILY MEMBERS.
THE IMPORTANT THING TO REMEMBER HERE IS THAT PEOPLE HAVE PAID
INTO THESE TRUST FUNDS SO THEY'VE EARNED THE MONEY THAT
THEY GET WHEN THEY RETIRE OR BECOME DISABLED,
OR WHEN THEY DIE AND THEIR FAMILIES GET PAYMENTS FROM THAT.
NOW, YOU ONLY PAY SOCIAL SECURITY TAXES ON YOUR EARNINGS
UP TO A CERTAIN AMOUNT.
THAT AMOUNT GOES UP EACH YEAR TO KEEP PACE WITH WAGES WHICH
USUALLY GOES UP EVERY YEAR.
AT LEAST WE HOPE THEY DO, RIGHT?
IN 2011, THE MAXIMUM WAGES YOU HAVE TO PAY TAXES ON IS
$106,800.
ANOTHER TAX YOU PAY AS YOU WORK GOES TOWARDS MEDICARE.
MAYBE SOMEONE YOU KNOW IS ON MEDICARE,
LIKE YOUR PARENT OR GRANDPARENT.
MEDICARE IS A HEALTH CARE INSURANCE PROGRAM THAT HELPS
WITH DOCTORS AND HOSPITAL BILLS WHEN YOU ARE RETIRED
OR IF YOU BECOME DISABLED.
SO AS YOU SEE, FROM THE MINUTE YOU START WORKING,
A PORTION OF YOUR WAGES GOES TOWARDS SOCIAL SECURITY.
IT'S IMPORTANT TO UNDERSTAND, THE MONEY YOU PAY INTO SOCIAL
SECURITY TAXES IS NOT HELD IN A PERSONAL ACCOUNT FOR YOU TO
USE WHEN YOU GET A SOCIAL SECURITY CHECK.
YOUR TAXES ARE BEING USED RIGHT NOW TO PAY PEOPLE WHO ARE
CURRENTLY GETTING SOCIAL SECURITY PAYMENTS.
IN TURN, YOUR FUTURE SOCIAL SECURITY PAYMENTS WILL BE PAID
FOR BY FUTURE WORKERS.
SO NOW YOU MAY BE ASKING YOURSELF,
HOW DO WE KEEP TRACK OF WHAT YOU'VE PAID INTO SOCIAL SECURITY
AND HOW DO WE DETERMINE WHAT YOUR FUTURE SOCIAL SECURITY
PAYMENTS WILL BE?
NOW YOU'RE ALL FAMILIAR WITH YOUR SOCIAL SECURITY NUMBER.
YOU MAY HAVE USED IT TO APPLY FOR COLLEGE, GET FINANCIAL AID,
APPLY FOR A JOB, OR OPEN A CREDIT CARD.
WELL, OUR AGENCY IS RESPONSIBLE FOR ASSIGNING SOCIAL SECURITY
NUMBERS AND ISSUING SOCIAL SECURITY CARDS TO PEOPLE.
FOR MOST OF YOU, YOUR CONNECTION WITH US STARTED AT BIRTH,
WHICH IS USUALLY WHEN SOCIAL SECURITY NUMBERS GET REQUESTED
AND ASSIGNED.
FOR THOSE OF YOU WHO ARE WORKING,
YOU HAD TO GIVE YOUR NUMBER TO YOUR EMPLOYER.
YOUR EMPLOYERS USE THAT NUMBER TO REPORT YOUR EARNINGS TO US.
WHEN THE TIME COMES, WE CALCULATE YOUR SOCIAL SECURITY
PAYMENTS BASED ON YOUR EARNINGS.
SO YOU NEED TO BE SURE YOU ALWAYS USE THE CORRECT SOCIAL
SECURITY NUMBER.
IT'S ALSO IMPORTANT TO NOTIFY SOCIAL SECURITY IF YOU EVER
CHANGE YOUR NAME.
THAT HELPS US KEEP TRACK OF YOUR EARNINGS.
WHILE WE'RE TALKING ABOUT SOCIAL SECURITY NUMBERS,
WE DO WANT TO REMIND YOU OF THE IMPORTANCE OF GUARDING YOUR
NUMBER CAREFULLY TO PROTECT YOURSELF AGAINST IDENTITY THEFT.
PUT YOUR SOCIAL SECURITY CARD AWAY IN A SAFE PLACE.
DON'T CARRY IT WITH YOU.
IF YOU EVER THINK YOUR IDENTITY HAS BEEN STOLEN,
YOU SHOULD CONTACT THE FEDERAL TRADE COMMISSION.
THAT'S THE AGENCY THAT HANDLES ID THEFT,
NOT THE SOCIAL SECURITY ADMINISTRATION.
IF YOU WANT TO KNOW MORE ABOUT THIS,
YOU CAN CHECK OUT OUR BROCHURE CALLED "IDENTITY THEFT AND YOUR
SOCIAL SECURITY NUMBER."
YOU CAN FIND IT ON OUR WEBSITE, SOCIALSECURITY.GOV.
AS WE'LL EXPLAIN A BIT MORE IN A MINUTE,
WE MAKE PAYMENTS TO ELIGIBLE PEOPLE WHO HAVE BECOME RETIRED,
WIDOWED, DISABLED OR NEED MEDICARE.
YOU MIGHT BE WONDERING, WHAT DO WE MEAN BY ELIGIBLE?
SEE, IN ORDER TO RECEIVE SOCIAL SECURITY PAYMENTS,
A PERSON MUST HAVE EARNED ENOUGH CREDITS.
IN ORDER FOR YOU TO START GETTING PAYMENTS LATER,
YOU NEED TO WORK FOR A CERTAIN AMOUNT OF TIME TO EARN CREDITS.
THE AMOUNT OF CREDITS YOU NEED TO QUALIFY FOR SOCIAL SECURITY
RETIREMENT IS THE SAME NO MATTER WHERE YOU WORK,
WHETHER IT'S FOR A COMPANY, THE GOVERNMENT, YOURSELF,
THE MILITARY OR NONPROFIT ORGANIZATION.
YOU STILL NEED 40 CREDITS TO QUALIFY.
WHEN YOU WORK AND PAY SOCIAL SECURITY TAXES,
YOU EARN UP TO A MAXIMUM OF FOUR CREDITS FOR EACH YEAR.
IN 2010, YOU HAD TO MAKE $1,120 TO EARN ONE CREDIT.
SO IF YOU HAD INCOME OF $4,480 IN 2010,
YOU WOULD EARN FOUR CREDITS FOR THAT YEAR.
IN SOME CASES, YOU CAN QUALIFY FOR SOCIAL SECURITY PAYMENTS
WITH FEWER THAN THE USUAL 40 CREDITS.
THE NUMBER OF CREDITS YOU NEED DEPENDS ON YOUR AGE AND THE TYPE
OF SOCIAL SECURITY PAYMENTS YOU'RE APPLYING FOR.
I KNOW WE'RE COVERING A LOT OF INFORMATION HERE,
SO JUST AS A REMINDER, IF YOU HAVE ANY QUESTIONS DURING THE
COURSE OF THIS WEBINAR, JUST CLICK THE BUBBLE ABOVE MY HEAD
AND SEND THEM IN AT ANY POINT THROUGHOUT THIS WEBINAR.
SO BACK TO OUR TOPIC AT HAND.
MANY PEOPLE THINK OF SOCIAL SECURITY AS JUST A RETIREMENT
PROGRAM.
AND IT IS TRUE THAT MOST OF THE PEOPLE GETTING SOCIAL SECURITY
RECEIVE RETIREMENT PAYMENTS.
BUT MANY OTHERS BESIDES RETIREES,
INCLUDING YOUNG PEOPLE JUST LIKE YOU, CAN GET SOCIAL SECURITY.
DID YOU KNOW, YOUNG PEOPLE ARE ALSO ELIGIBLE TO
RECEIVE SURVIVOR AND DISABILITY PAYMENTS?
OF COURSE, WE ALL HOPE TO LIVE LONG AND HEALTHY LIVES,
BUT THE TRUTH IS, ABOUT ONE IN SEVEN OF TODAY'S 20-YEAR-OLDS
WILL DIE BEFORE AGE 67.
EVERY SINGLE DAY, SOCIAL SECURITY PAYS MONEY TO THE
SPOUSE OF A WORKER AND THEIR CHILDREN IF THE WORKER DIES,
EVEN YOUNG WORKERS LIKE YOU.
ANOTHER WAY IN WHICH YOUNG PEOPLE CAN QUALIFY FOR SOCIAL
SECURITY PAYMENTS IS THROUGH OUR DISABILITY PROGRAMS.
SOCIAL SECURITY HAS TWO TYPES OF DISABILITY PROGRAMS,
SOCIAL SECURITY DISABILITY AND SUPPLEMENTAL SECURITY INCOME,
OR SSI.
IT'S A FACT THAT ALMOST THREE IN TEN OF TODAY'S 20-YEAR-OLDS WILL
BECOME DISABLED BEFORE AGE 67.
BUT IT'S GOOD TO KNOW THAT IF THAT HAPPENS,
SOCIAL SECURITY PAYS MONEY TO WORKERS AND THEIR FAMILIES.
SO IF YOU OR SOMEONE YOU KNOW HAS A MEDICAL CONDITION OR GETS
HURT AND ARE UNABLE TO WORK, YOU OR THEY SHOULD CHECK OUT OUR
WEBSITE, SOCIALSECURITY.GOV, FOR MORE INFORMATION ON HOW
TO APPLY FOR DISABILITY.
SSI A PROGRAM DESIGNED FOR PEOPLE WHO HAVE DISABILITIES AND
HAVE LIMITED INCOME.
MANY PEOPLE RECEIVE SSI AND MAY NOT BE ELIGIBLE FOR SOCIAL
SECURITY DISABILITY BECAUSE THEY MAY NOT HAVE EARNED
ENOUGH CREDITS.
THE MONEY TO PAY SSI COMES FROM GENERAL TAXES,
NOT FROM THE TAXES PEOPLE PAY INTO THE SOCIAL SECURITY
TRUST FUND.
AND FINALLY, THERE'S RETIREMENT.
ALTHOUGH RETIREMENT IS A LONG TIME AWAY,
YOU SHOULD HAVE AN IDEA OF HOW WE DETERMINE RETIREMENT
PAYMENTS.
WE CALCULATE YOUR RETIREMENT PAYMENTS BASED ON THE MONTHLY
AVERAGE OF YOUR HIGHEST 35 EARNINGS YEARS.
THE AMOUNT OF YOUR MONTHLY PAYMENT WILL DEPEND ON HOW MUCH
MONEY YOU EARNED WHEN YOU WANT TO START COLLECTING.
CURRENTLY, THE EARLIEST POINT A WORKER CAN START COLLECTING
SOCIAL SECURITY PAYMENTS IS AT AGE 62.
NOW, SOME PEOPLE DECIDE TO WAIT UNTIL THEY'RE OLDER.
THE LATER YOU WAIT, THE HIGHER YOUR MONTHLY PAYMENT WILL BE.
BUT IT'S TOO EARLY FOR YOU TO THINK ABOUT THAT NOW.
MAYBE YOUR PARENTS OR GRANDPARENTS ARE READY TO RETIRE
NOW AND IF THEY ARE, TELL THEM TO DO IT ONLINE.
IT'S MUCH MORE CONVENIENT.
FOR THOSE OF YOU WHO ARE WORKING,
EACH YEAR YOUR EMPLOYER SENDS A COPY OF YOUR W-2,
WAGE AND TAX STATEMENT, TO SOCIAL SECURITY.
WE COMPARE YOUR NAME AND SOCIAL SECURITY NUMBER ON THE W-2
WITH OUR RECORDS.
WHEN WE FIND YOUR NAME AND NUMBER,
WE RECORD YOUR EARNINGS FROM YOUR W-2 IN YOUR LIFELONG
EARNINGS RECORD.
YOUR LIFELONG EARNING RECORD IS WHAT WE USE TO DETERMINE WHETHER
YOU CAN GET FUTURE PAYMENTS AND THE AMOUNT OF THOSE PAYMENTS.
NOW, HERE'S THE LAST THING I WANT TO LEAVE YOU WITH.
SOCIAL SECURITY WAS ONLY MEANT TO BE A PART OF YOUR INCOME
DURING RETIREMENT.
AT YOUR AGE, YOU PROBABLY SPEND MOST OF YOUR MONEY ON THINGS
LIKE RENT, YOUR CAR, FOOD, SCHOOL, CLOTHES,
MAYBE EVEN HANGING OUT A LITTLE.
AND YOU'RE NOT REALLY THINKING ABOUT RETIREMENT YET.
MOST FINANCIAL ADVISORS SAY THAT RETIREES WILL NEED 70% OR MORE
OF PRERETIREMENT EARNINGS JUST TO LIVE COMFORTABLY.
HOWEVER, SOCIAL SECURITY MAKES UP ABOUT 40% OF THOSE EARNINGS
FOR THE AVERAGE WORKER.
SO YOU WILL ALSO NEED SAVINGS AND INVESTMENTS.
ALTHOUGH WE KNOW IT'S DIFFICULT FOR YOUNG PEOPLE WHO USUALLY
DON'T HAVE MUCH INCOME TO START SAVING FOR RETIREMENT,
EVEN SETTING ASIDE A SMALL PORTION OF EACH PAYCHECK CAN PAY
OFF IN BIG DOLLARS LATER.
IF YOU SET ASIDE JUST $25 A WEEK AND YOU GET, SAY,
5% ANNUAL INTEREST ON YOUR SAVINGS,
IT WILL GROW TO ABOUT $165,000 IN 40 YEARS.
ANY AMOUNT OF MONEY YOU CAN SAVE,
EVEN AS LITTLE AS JUST $5 A WEEK, WILL ADD UP OVER TIME.
ONE WAY YOU CAN DO THIS IS THROUGH YOUR JOB.
ASK YOUR EMPLOYER IF YOU CAN PARTICIPATE IN A RETIREMENT
SAVINGS PLAN AT WORK.
YOUR EMPLOYER MIGHT EVEN MATCH YOUR CONTRIBUTIONS TO THE PLAN.
AND IF YOUR EMPLOYER DOESN'T OFFER A RETIREMENT SAVINGS PLAN,
CHECK WITH THE BANK OR OTHER FINANCIAL INSTITUTION FOR WAYS
THAT YOU CAN SAVE AND INVEST ON YOUR OWN.
YOU CAN ALSO CHECK OUT WEBSITES LIKE CHOOSETOSAVE.ORG OR
MYMONEY.GOV.
EVEN THOUGH RETIREMENT MAY SEEM LIGHT YEARS AWAY,
THE SOONER YOU START PLANNING AND SAVING,
THE GREATER YOUR RETIREMENT SAVINGS WILL BE.
OKAY.
THAT'S ALL WE'RE COVERING FOR TODAY.
NEXT WE WANT TO TAKE YOUR QUESTIONS.
BUT BEFORE WE DO, LET'S RECAP.
WE GAVE YOU A BRIEF OVERVIEW OF SOCIAL SECURITY AND A GENERAL
CONCEPT OF HOW IT WORKS.
WE EXPLAINED HOW SOCIAL SECURITY KEEPS TRACK OF YOUR EARNINGS.
WE SHARED WITH YOU THE DIFFERENT TYPES OF SOCIAL SECURITY
PAYMENTS YOUNG PEOPLE LIKE YOU MIGHT BE ABLE TO GET THROUGHOUT
YOUR LIFETIME AND HOW YOU MIGHT QUALIFY FOR THESE PAYMENTS.
AND WE TOOK A LOOK AT THE IMPORTANT ROLE YOUR SOCIAL
SECURITY EARNINGS STATEMENT PLAYS IN PLANNING YOUR
FINANCIAL FUTURE.
OKAY.
NOW IT'S TIME TO TAKE YOUR QUESTIONS.
TO SUBMIT A QUESTION, CLICK ON THE BUBBLE ICON ABOVE THIS
SCREEN AND FOLLOW THE DIRECTIONS.
ALL RIGHT.
JOINING ME IN THE STUDIO NOW IS MAYELA GILLETTE FROM SOCIAL
SECURITY'S OFFICE OF OPEN GOVERNMENT.
SHE'S GOING TO HELP US MODERATE THE Q&A SESSION.
THANKS FOR JOINING US, MAYELA.
>> I'M HAPPY TO HELP OUT.
>> ALL RIGHT.
BEFORE WE GET TO YOUR LIVE QUESTIONS,
WE WANT TO THANK YOU REAL QUICK.
ALL OF YOU HAVE SENT IN SOME TERRIFIC QUESTIONS ALL WEEK
LONG.
WE ASKED YOU IF YOU WOULD MIND SENDING IN SOME QUESTIONS IN
ADVANCE WHEN YOU RSVP'D FOR THE WEBINAR AND WE GOT A LOT OF
GREAT QUESTIONS.
JUST LIKE WE EXPECTED WITH A WEBINAR FOR COLLEGE STUDENTS AND
YOUNGER WORKERS, THE VAST MAJORITY OF YOUR QUESTIONS
REVOLVED AROUND THE ISSUE OF WHETHER SOCIAL SECURITY WILL
STILL BE THERE FOR YOU WHEN YOU REACH RETIREMENT AGE.
SO REAL QUICK, LET'S JUST GO AHEAD AND ADDRESS THAT ISSUE IN
A LITTLE BIT MORE DETAIL.
WHEN IT COMES TO THE QUESTION WILL SOCIAL SECURITY BE THERE
FOR YOU, THE FIRST THING TO REMEMBER IS THAT IT IS THERE FOR
YOU TODAY IN THE FORM OF DISABILITY AND SURVIVOR'S
INSURANCE.
AND YOU MAY NEED THE PROTECTION THAT SOCIAL SECURITY OFFERS WELL
BEFORE YOU GET TO RETIREMENT AGE OR IF SOMETHING HAPPENS TO YOU,
YOUR FAMILY MEMBERS MAY NEED SURVIVOR'S BENEFITS.
BUT WHAT YOU'RE REALLY ASKING ABOUT IS THE LONG-TERM SOLVENCY
OF THE PROGRAM, RIGHT.
SO WE RECEIVED SOME MORE POINTED QUESTIONS ABOUT THAT ISSUE,
SO LET'S TAKE JUST A QUICK LOOK AT A FEW OF THEM.
WE RECEIVED MANY DIFFERENT VERSIONS OF THE QUESTION,
"ISN'T SOCIAL SECURITY GOING BROKE?"
IT'S REALLY IMPORTANT FOR YOU TO UNDERSTAND THAT WHEN PEOPLE USE
THE TERM "BANKRUPTCY" WHEN TALKING ABOUT THE SOCIAL
SECURITY TRUST FUNDS, IT'S NOT BANKRUPTCY IN THE SAME SENSE AS
WHEN A PERSON GOES BANKRUPT.
LET ME EXPLAIN THAT REAL QUICK.
WITHOUT ANY CHANGES TO THE PROGRAM,
ACCORDING TO THE MOST RECENT SOCIAL SECURITY BOARD OF
TRUSTEES' REPORT, SOCIAL SECURITY WILL BE ABLE TO PAY
FULL BENEFITS UNTIL 2037.
NOW, AFTER 2037, AGAIN, WITHOUT ANY CHANGES TO THE PROGRAM,
SOCIAL SECURITY WILL STILL BE ABLE TO PAY ABOUT 75% OF
SCHEDULED PAYMENTS.
NOW, WHILE 75% IS NOT IDEAL, THE FACT IS,
SOCIAL SECURITY WILL NOT BE BROKE,
NOR WILL IT BE INSOLVENT IN THE WAY THAT MOST OF US THINK OF
THOSE TERMS.
75%, AFTER THE YEAR 2037, IS NOT GOOD, BUT IT'S NOT NOTHING,
EITHER.
WE DO HOPE CONGRESS TAKES ACTION.
NOW, YOU MAY BE WONDERING HOW SOCIAL SECURITY COULD STILL PAY
75% OF SCHEDULED BENEFITS AFTER THE YEAR 2037.
THE REASON IS SIMPLE.
THERE WILL STILL BE MILLIONS AND MILLIONS AND MILLIONS OF PEOPLE
WORKING AND PAYING PAYROLL TAXES.
AGAIN, THE PAYROLL TAXES OF TODAY'S WORKERS FUND THE
BENEFITS OF TODAY'S RETIREES.
WHEN TODAY'S YOUNG WORKERS REACH RETIREMENT AGE AND ARE READY TO
COLLECT BENEFITS, THEIR KIDS AND GRANDKIDS,
THE WORKERS OF TOMORROW, WILL FUND THEIR SOCIAL SECURITY
BENEFITS.
NOW, IN REVIEWING THE QUESTIONS YOU'VE SENT US ALONG WITH YOUR
REGISTRATIONS FOR THIS WEBINAR, WE NOTICED THAT A LOT OF YOU
ASKED WHAT KIND OF CHANGES NEED TO BE MADE IN ORDER TO ENSURE
THE FUTURE OF SOCIAL SECURITY AS IT RELATES TO YOUR GENERATION.
SO LET ME ADDRESS THAT.
BASICALLY, THERE ARE A FINITE NUMBER OF WAYS TO MAKE SURE THE
SOCIAL SECURITY PROGRAM STAYS STRONG AND THEY BOIL DOWN TO TWO
CATEGORIES.
EITHER YOU INCREASE THE AMOUNT OF MONEY COMING INTO THE
PROGRAM, OR YOU REDUCE THE AMOUNT OF MONEY GOING OUT.
NOW, TO LEARN MORE, TO REALLY GET INTO THE DETAILS OF THIS,
YOU CAN GO TO SOCIALSECURITY.GOV AND CLICK ON THE ACTUARIAL
RESOURCES LINK.
IT'S IN THE "ABOUT OUR AGENCY" SECTION.
OR YOU CAN JUST DO A QUICK INTERNET SEARCH USING TERMS LIKE
"SOCIAL SECURITY SOLVENCY" OR "SOCIAL SECURITY FIXES."
THERE'S NO SHORTAGE OF IDEAS.
>> NOW, MANY OF YOU ALSO ASKED IF LAWMAKERS WILL MAKE THE
NECESSARY CHANGES TO KEEP SOCIAL SECURITY GOING STRONG.
THE FACT IS, THE CURRENT SITUATION IS NOT UNIQUE.
SOCIAL SECURITY HAS SUCCESSFULLY ADAPTED TO THE CHANGING NEEDS OF
THE AMERICAN PUBLIC OVER THE COURSE OF ITS 75-YEAR HISTORY.
SO LET'S GO AHEAD AND GET STARTED WITH YOUR LIVE
QUESTIONS.
THAT'S WE'VE BEEN WAITING FOR.
SO AGAIN, YOU CAN SEND IN YOUR QUESTION DIRECTLY THROUGH THE
WEBINAR PAGE OR YOU CAN GO TO SOCIALSECURITY.GOV AND CLICK ON
THE TWITTER OR FACEBOT -- FACEBOOK ICON IN THE BOTTOM
RIGHT CORNER AND SEND US YOUR QUESTION THROUGH YOUR SOCIAL
MEDIA PROFILE.
NOW, IF YOU WANT TO USE TWITTER, BE SURE TO SEND US YOUR TWEET
USING THE HASHTAG SSA101.
AND DON'T FEEL LIKE YOU NEED TO STOP TWEETING ABOUT THIS WHEN
THE WEBINAR ENDS.
THIS IS JUST THE BEGINNING OF OUR CONVERSATION WITH COLLEGE
STUDENTS AND YOUNG WORKERS.
AS I SAID, MAYELA WILL BE READING SOME OF THE QUESTIONS
THAT YOU SENT TO US THIS WEEK WHEN YOU REGISTERED,
AND SHE'LL ALSO BE MODERATING THE QUESTIONS THAT YOU ARE
SENDING IN LIVE.
OKAY, MAYELA, WHAT'S OUR FIRST QUESTION?
>> OKAY.
WE HAVE A QUESTION FROM A VIEWER WHO WANTS TO KNOW,
I AM WIDOWED BUT TOLD THAT I CANNOT COLLECT SURVIVOR'S
BENEFITS BECAUSE I MAKE MORE THAN $14,000 ANNUALLY.
WHY IS THIS?
>> OKAY.
WHAT YOU WANT TO DO IS GO TO OUR WEBSITE,
SOCIALSECURITY.GOV AND CLICK ON THE PUBLICATIONS LINK,
I BELIEVE IT'S ON THE LEFT SIDE OF OUR WEB PAGE.
IN THE PUBLICATIONS, WE HAVE A BROCHURE THAT'S CALLED "HOW WORK
AFFECTS YOUR BENEFITS."
BASICALLY, IF YOU ARE GETTING SOCIAL SECURITY BENEFITS OTHER
THAN DISABILITY, AND YOU'RE NOT FULL RETIREMENT AGE YET,
CONGRESS SETS A LIMIT ON HOW MUCH YOU CAN EARN IN GROSS WAGES
OR NET PROFIT FROM SELF-EMPLOYMENT,
BASICALLY THE TWO THINGS THAT WE LOOK AT AND CONSIDER AS EARNED
INCOME.
AND IF YOU GO OVER THAT, $1 IS WITHHELD FOR EVERY $2 THAT YOU
GO OVER.
SO THAT BROCHURE "HOW WORK AFFECTS YOUR BENEFITS" REALLY
GOES INTO IT IN MORE DETAIL.
AND YOU ALSO WANT TO CHECK OUT THE SURVIVORS PLANNER,
OR EVEN THE RETIREMENT PLANNER AT SOCIALSECURITY.GOV/PLANNERS.
>> THANKS, BRIAN.
FOR OUR NEXT QUESTION, WE HAVE A VIEWER ASKING ABOUT DISABILITY.
IF MY SPOUSE HAS PERMANENT DISABILITY AND PASSES AWAY,
WOULD OUR KIDS STILL RECEIVE THEIR DISABILITY CHECK THAT THEY
ARE GETTING NOW?
>> THIS ONE IS A LITTLE MORE TRICKY.
AGAIN, WE HAVE TWO DIFFERENT TYPES OF DISABILITY.
WE HAVE SOCIAL SECURITY DISABILITY AND WE HAVE SSI.
SO THE REQUIREMENTS FOR GETTING INTO BOTH OF THOSE PROGRAMS AS
WELL AS THE DIFFERENT SITUATIONS THAT WOULD STOP THOSE CHECKS
VARY DEPENDING ON THE PROGRAM.
THE BEST THING TO DO AT THIS POINT IS TO GO INTO THE PLANNERS
AGAIN.
I KNOW I KEEP GOING BACK TO THAT WEBSITE,
BUT THAT'S THE BEST PLACE TO GO TO START,
SOCIALSECURITY.GOV/PLANNERS, AND LOOK AT THE SURVIVOR'S PLANNER
AS WELL AS IN THIS CASE THE DISABILITY PLANNER.
OR IF YOU JUST WANT TO GO FROM OUR HOME PAGE,
YOU CAN GO TO THE MAIN SOCIALSECURITY.GOV PAGE,
AND AT THE TOP WE HAVE SEVERAL BOXES,
ONE OF THEM SAYS SOCIAL SECURITY DISABILITY,
THE OTHER ONE IS FOR SUPPLEMENTAL SECURITY INCOME,
AND THAT WILL TAKE YOU INTO MUCH MORE DETAIL ON THAT SITUATION.
>> BRIAN, OUR NEXT VIEWER WANTS TO KNOW, IF I COLLECT BENEFITS,
IS THERE AN EARNINGS LIMIT?
>> YES.
THERE IS AN EARNINGS LIMIT FOR MOST SITUATIONS.
NOW, IF YOU'RE TALKING ABOUT RETIREMENT, SPOUSE'S BENEFITS,
SURVIVOR'S, ONCE YOU GET TO FULL RETIREMENT AGE,
THE EARNINGS RESTRICTIONS DISAPPEAR.
BUT IF YOU TAKE EARLY BENEFITS, THERE ARE CERTAIN LIMITS,
AS FAR AS HOW MUCH YOU CAN HAVE IN EARNED INCOME.
AGAIN, THAT BROCHURE "HOW WORK AFFECTS YOUR BENEFITS" TALKS
ABOUT HOW EARNINGS AFFECT YOUR SOCIAL SECURITY IN DIFFERENT
SITUATIONS.
NOW, DISABILITY IS A LITTLE BIT DIFFERENT.
SO IF YOU WANTED TO LOOK INTO WHAT HAPPENS IF YOU WORK AND GET
DISABILITY BENEFITS FROM SOCIAL SECURITY IS LOOK AT OUR WORK
INCENTIVES.
IF YOU GO TO THE HOME PAGE, SOCIALSECURITY.GOV AND TYPE IN
THE WORDS "REDBOOK," THAT WILL TAKE YOU TO OUR GUIDE FOR WORK
INCENTIVES.
IF YOU'RE NOT SURE WHAT WORK INCENTIVES ARE,
THEY'RE PROGRAMS THAT WE HAVE IN PLACE THAT,
AS LONG AS YOU FOLLOW THE RULES OF THOSE PROGRAMS,
YOU ACTUALLY GET TO TRY AND TRANSITION BACK TO WORK WITHOUT
LOSING YOUR BENEFITS DURING THAT INTERIM PERIOD.
SO THOSE ARE CALLED WORK INCENTIVES.
CHECK OUT THE REDBOOK IF YOU'RE ASKING ABOUT DISABILITY.
IF IT'S NOT DISABILITY RELATED, LOOK AT "HOW WORK AFFECTS YOUR
BENEFITS."
>> OUR NEXT VIEWER WANTS TO KNOW,
CAN YOU EXPLAIN BENEFITS FOR DEPENDENTS WHO RECEIVE
SURVIVOR'S BENEFITS THAT ARE STILL IN HIGH SCHOOL AND HAVE
ATTAINED AGE 18?
>> OKAY.
WE HAVE SPECIFIC INFORMATION ON OUR WEBSITE FOR CHILDREN'S
BENEFITS, WHICH IS WHAT IT SOUNDS LIKE YOU'RE TALKING
ABOUT.
THIS IS A SPECIAL KIND OF CHILDREN'S BENEFITS WHICH ARE
SURVIVOR BENEFITS.
BASICALLY, CHILDREN'S BENEFITS STOP, TERMINATE, IN OTHER WORDS,
THE CHECK STOPS COMING ONCE YOU TURN 18,
UNLESS YOU'RE STILL IN HIGH SCHOOL FULL TIME.
NOW, IF YOU'RE STILL IN HIGH SCHOOL FULL TIME WHEN YOU TURN
18, THOSE CHECKS KEEP GOING UNTIL YOU GRADUATE HIGH SCHOOL
OR TURN 19, WHICHEVER HAPPENS FIRST.
THE ONLY WAY FOR THOSE CHECKS TO CONTINUE ON PAST THAT POINT IS
IF YOU'RE DISABLED.
SO AGAIN, WHAT YOU WOULD DO IS GO TO SOCIALSECURITY.GOV AND
LOOK AT THE CHILDREN'S BENEFITS SECTION.
>> BRIAN, WE JUST GOT A QUESTION FROM OUR TWITTER ACCOUNT,
AND IT'S FROM FAY AND STRANGE, AND THEY WANT TO KNOW,
WHAT ARE YOU DOING TO IMPROVE SERVICES FOR YOUNG PEOPLE WITH
DISABILITIES?
>> WE ARE REALLY STRIVING TO BE A LEADER WHEN IT COMES TO
ACCESSIBILITY.
SO WE HAVE SOME FEATURES WORKED INTO OUR WEBSITE.
WE HAVE FEATURES IN OUR LOCAL FIELD OFFICES.
YOU CAN LOOK UP THE ACCESSIBILITY INFORMATION ON OUR
WEBSITE, AGAIN, SOCIALSECURITY.GOV,
TO SEE EXACTLY WHAT WE'RE DOING.
BUT WE DEFINITELY STRIVE TO BE A LEADER IN THAT AREA.
>> GREAT.
OUR NEXT VIEWER WANTS TO KNOW, HOW DO YOU REPORT SOCIAL
SECURITY DISABILITY FRAUD?
>> OKAY.
WE HAVE AN OFFICE OF INSPECTOR GENERAL, OR OIG.
THE WEBSITE IS SOCIALSECURITY.GOV/OIG.
WHEN YOU GET TO THAT PAGE, WE HAVE A FRAUD HOTLINE THAT YOU
CAN SEND IN IN ANONYMOUS TIPS IF YOU THINK SOMEONE IS GETTING
BENEFITS AND THEY SHOULDN'T BE GETTING BENEFITS.
ANYONE CAN FILE AN ANONYMOUS REPORT TO OUR OFFICE OF
INSPECTOR GENERAL.
AND WE ALSO HAVE AN ONLINE FRAUD REPORTING FORM.
SO WE TAKE ALL THOSE ALLEGATIONS VERY SERIOUSLY.
AND A LOT OF TIMES WE WON'T KNOW ABOUT IT UNLESS YOU REPORT IT.
SO DEFINITELY, IF YOU KNOW OF A SITUATION,
GO TO SOCIALSECURITY.GOV/OIG.
>> THIS NEXT QUESTION WANTS TO KNOW,
AT WHAT AGE CAN YOU START GETTING DISABILITY PAYMENTS AND
WHAT IS THE MAXIMUM PAYMENT YOU CAN RECEIVE?
>> OKAY.
FOR SSI, YOU CAN REALLY START RECEIVING AT ANY AGE,
EVEN CHILDREN CAN RECEIVE SSI.
BECAUSE SUPPLEMENTAL SECURITY INCOME, SSI,
IS NOT LINKED TO HAVING WORKED AND PAID INTO THE SYSTEM.
SSI IS FUNDED FROM GENERAL TAX REVENUES THAT ALL OF US PAY.
IT'S BASICALLY CENTERED ON WHETHER YOU HAVE A MEDICAL
CONDITION THAT'S CONSIDERED DISABLING AND THE INCOME AND
RESOURCES OF THE HOUSEHOLD OR THE PLACE WHERE YOU LIVE.
FOR SOCIAL SECURITY DISABILITY, THE REQUIREMENTS ARE DIFFERENT.
AS FAR AS THE MAXIMUM PAYMENT AMOUNTS FOR SOCIAL SECURITY
DISABILITY, IT VARIES DEPENDING ON HOW MUCH YOU'VE EARNED OVER
THE YEARS.
FOR SSI, THERE ARE SPECIFIC MAXIMUM AMOUNTS FOR INDIVIDUALS
AND COUPLES.
AND AGAIN YOU CAN FIND THAT BY GOING TO SOCIALSECURITY.GOV AND
CLICKING ON THE SUPPLEMENTAL SECURITY INCOME BOX AT THE TOP
OF THE PAGE.
>> OUR NEXT QUESTION WANTS TO KNOW,
IF I DON'T WORK BUT MARRY SOMEONE WHO DOES WORK,
CAN I COLLECT BENEFITS FROM THAT PERSON?
>> ALL RIGHT.
FOR THIS PART, AGAIN, YOU'LL WANT TO GO BACK TO THE PLANNERS.
IF YOU LOOK AT THE RETIREMENT PLANNER AT
SOCIALSECURITY.GOV/PLANNERS, WE HAVE LOTS OF INFORMATION IN
THERE ABOUT SPOUSAL BENEFITS OR SPOUSE BENEFITS.
ANOTHER WAY YOU CAN FIND THIS INFORMATION IS JUST TO GO TO THE
HOME PAGE UP IN THE SEARCH BOX, JUST TYPE THE WORD "SPOUSE."
AND YOU'LL FIND INFORMATION ABOUT SPOUSE BENEFITS AS WELL AS
DIVORCED SPOUSE BENEFITS, AND THEN THAT WILL TIE INTO
SURVIVOR'S AND SURVIVING DIVORCED SPOUSE BENEFITS.
SO THERE ARE A LOT OF DIFFERENT WAYS TO TAP INTO THESE PROGRAMS
BASED ON THE FACT THAT YOU HAVE A RELATIONSHIP WITH SOMEONE ELSE
WHO HAS WORKED AND PAID INTO THE SYSTEM.
BUT IT REALLY VARIES DEPENDING ON YOUR INDIVIDUAL SITUATION.
>> ALL RIGHT.
WE HAVE A QUESTION FROM SOMEONE THAT WANTS TO KNOW,
IF I AM MISSING EARNINGS ON MY STATEMENT,
HOW CAN I CORRECT MY EARNINGS TO GET CREDIT FOR THAT?
>> ALL RIGHT.
IF YOU'VE LOOKED AT YOUR SOCIAL SECURITY STATEMENT AND YOU SEE
EITHER THAT YOU'RE MISSING EARNINGS COMPLETELY FOR A YEAR,
LIKE IF YOU KNOW YOU MADE $10,
000 AND YOUR SOCIAL SECURITY STATEMENT SHOWS ZEROS FOR THAT
YEAR, OR IF YOU SEE THE INCORRECT AMOUNT ON YOUR
STATEMENT FOR A GIVEN YEAR, ALL YOU HAVE TO DO IS SEND US A COPY
OF THE W-2 FOR THAT YEAR.
SO YOU CAN JUST GO TO SOCIALSECURITY.GOV AND USE THE
FIELD OFFICE LOCATER, PUNCH IN YOUR ZIP CODE,
AND IT WILL GIVE YOU THE MAILING ADDRESS FOR YOUR CLOSEST OFFICE.
WE CAN'T ACTUALLY TAKE -- WE CAN TAKE A PHOTOCOPY OF A W-2 TO
CORRECT YOUR EARNINGS RECORD.
>> WE HAVE A QUESTION FROM A VIEWER WHO WANTS TO KNOW,
WHO DECIDES IF YOU ARE DISABLED?
DOES SOCIAL SECURITY HAVE DOCTORS THAT DECIDE THIS?
>> OKAY.
THE WAY THAT WORKS IS WHEN YOU CONTACT SOCIAL SECURITY TO APPLY
FOR DISABILITY, WHICH YOU CAN DO ONLINE AT SOCIALSECURITY.GOV,
OR YOU CAN DO OVER THE TELEPHONE OR IN A LOCAL OFFICE,
THE SOCIAL SECURITY EMPLOYEE WHO TAKES YOUR INFORMATION JUST GETS
THE BASIC INFORMATION ABOUT YOUR SITUATION,
INFORMATION ABOUT YOUR WORK HISTORY, YOUR MEDICAL CONDITION,
WHAT KIND OF MEDICATIONS YOU TAKE,
WHAT HOSPITALS OR DOCTORS YOU'VE BEEN DO,
AND THEY GET SOME MEDICAL RELEASE FORMS FROM YOU.
NOW, ONCE WE GET THOSE MEDICAL RELEASE FORMS,
WE SEND YOUR CASE TO THE STATE.
EACH STATE HAS AN OFFICE CALLED A DISABILITY DETERMINATION
SERVICE, OR DDS.
SO WE SEND ALL YOUR INFORMATION AND THE MEDICAL RELEASE FORMS TO
DDS.
THAT'S WHERE THE MEDICAL EXAMINERS AND DOCTORS ARE
LOCATED.
THEY USE THOSE RELEASE FORMS TO GET ALL OF YOUR MEDICAL RECORDS
AND THEY MAKE A DECISION ON WHETHER OR NOT YOU MEET SOCIAL
SECURITY'S DEFINITION OF DISABILITY.
AND THEN THEY LET YOU KNOW WHAT THEY DECIDED AND THEY LET US AT
THE LOCAL OFFICE KNOW WHAT THEY DECIDED, AS WELL.
>> OUR NEXT QUESTION IS FROM SOMEONE WHO'S 24.
THEY WANT TO KNOW, WHAT IS THE CURRENT FULL RETIREMENT AGE FOR
THEM?
>> ALL RIGHT.
THE BEST AND QUICKEST WAY TO FIGURE THIS OUT IS TO GO TO
SOCIALSECURITY.GOV/RETIREMENT.
NOW, THERE'S A BOX ON THE RIGHT-HAND SIDE THAT IS A
DROP-DOWN BOX AND IT WILL LET YOU PICK THE YEAR OR RANGE OF
YEARS THAT YOU WERE BORN IN.
SO JUST GO TO SOCIALSECURITY.GOV/RETIREMENT,
USE THAT DROP-DOWN BOX, AND IT WILL TAKE YOU TO SPECIFIC
INFORMATION FOR PEOPLE BORN IN THE SAME YEAR AS YOU.
IT WILL GIVE YOU YOUR FULL RETIREMENT AGE AS WELL AS THE
INFORMATION ABOUT WHAT HAPPENS IF YOU TAKE YOUR BENEFITS EARLY
AND SO FORTH.
>> BRIAN, WE HAVE A QUESTION FROM A VIEWER WHO'D LIKE TO KNOW
A LITTLE BIT MORE ABOUT HOW YOU EARN SOCIAL SECURITY CREDITS.
>> OKAY.
EVERY YEAR CONGRESS SETS A DOLLAR AMOUNT ON HOW MUCH COUNTS
AS ONE CREDIT.
NOW, AFTER THIS IS OVER, AGAIN, THIS WEBINAR WILL BE UPLOADED AS
A RECORDED PRESENTATION AND YOU CAN REWIND TO THE PART WHERE WE
TALKED ABOUT CREDITS TO SEE WHAT THE CREDIT AMOUNT WAS FOR THIS
YEAR.
BUT EVERY YEAR, ONCE YOU REACH THAT FIRST AMOUNT THAT COUNTS AS
ONE CREDIT, YOU GET YOUR FIRST CREDIT FOR THAT YEAR.
IF YOU EARN THAT AMOUNT AGAIN, YOU GET YOUR SECOND.
YOU CAN EARN UP TO FOUR CREDITS PER YEAR.
IN ORDER TO RECEIVE RETIREMENT ONE DAY DOWN THE ROAD WHEN YOU
REACH THAT AGE, YOU HAVE TO HAVE 40 CREDITS ACROSS YOUR LIFETIME.
THEY DON'T HAVE TO BE CONSECUTIVE OR FROM THE SAME
EMPLOYER OR ANYTHING LIKE THAT.
SO WE GO BACK TO THE FIRST JOB YOU EVER HAD,
WHEN YOU REACH RETIREMENT AGE, AND WE SEE DO YOU
HAVE 40 CREDITS.
IT COMES DOWN TO ABOUT TEN YEARS' WORTH OF WORK AND IF YOU
DO YOU CAN GET RETIREMENT.
>> FOR OUR NEXT QUESTION I'M GOING TO GO OVER SOME QUESTIONS
WE GOT EARLIER THIS WEEK FROM SOME VIEWERS.
ARE THERE ANY CURRENT PROGRAMS THAT PROMOTE FINANCIAL LITERACY
AMONG YOUNG ADULTS AND WHAT IS AVAILABLE BEYOND SOCIAL
SECURITY?
>> ALL RIGHT.
THE FIRST PLACE TO GO IS MY MONEY.GOV -- MYMONEY.GOV.
THAT'S THE WEBSITE WHERE SOCIAL SECURITY AND MANY OTHER AGENCIES
HAVE COLLABORATED TO PROVIDE YOU WITH FREE RELIABLE UNBIASED
FINANCIAL PLANNING INFORMATION.
AGAIN, MY MONEY.GOV.
THERE'S ALSO SOMETHING CALLED THE FINANCIAL RESEARCH LITERACY
CONSORTIUM, AND THAT'S A MOUTHFUL.
IF YOU GO TO SOCIAL SECURITY.GOV AND JUST TYPE IN FINANCIAL
RESEARCH, YOU'LL SEE THE INFORMATION ABOUT THIS PROGRAM.,
THAT'S ACTUALLY A COLLABORATION BETWEEN SOCIAL SECURITY,
BOSTON COLLEGE, THE UNIVERSITY OF WISCONSIN,
AND THE RAND CORPORATION.
AND THE GOAL THERE IS JUST TO PROVIDE MORE ADVANCED PLANNING
INFORMATION FOR THE AMERICAN PUBLIC AT NO COST.
>> AND WHILE WE WAIT FOR SOME OF OUR LIVE QUESTIONS TO COME IN,
I'M GOING TO GO TO SOME OF OUR OTHER QUESTIONS WE GOT EARLIER
THIS WEEK.
HERE'S A GOOD ONE.
IS IT POSSIBLE TO OPT OUT OF SOCIAL SECURITY?
SOME OF MY FRIENDS SAY THEY DON'T HAVE TO PAY FICA TAX.?
DOES THIS APPLY?
>> ALL RIGHT.
THIS IS THE QUESTION I USED TO GET A LOT WHEN I WAS A CLAIMS
REP AND HAD YOUNGER WORKERS COME IN AND ASK QUESTIONS.
THERE'S REALLY NO WAY TO OPT OUT OF SOCIAL SECURITY.
IT'S THE WAY IT WORKS IN THIS COUNTRY.
IF YOU WORK FOR WAGES YOU PAY SOCIAL SECURITY OR FICA TAXES.
THERE ARE A FEW EXCEPTIONS IN THAT THERE'S SOME EMPLOYERS
WHERE YOU WOULD PAY INTO A SYSTEM OTHER THAN SOCIAL
SECURITY.
I'LL GIVE YOU THE EXAMPLE OF MY DAD.
HE WORKED FOR THE RAILROAD.
SO INSTEAD OF PAYING INTO SOCIAL SECURITY HE PAID INTO THE
RAILROAD BOARD.
SOME SCHOOL TEACHERS PAY INTO A DIFFERENT SYSTEM.
WE ACTUALLY HAVE A SEPARATE WEBINAR ON THE WEBINAR'S PAGE OF
SOCIAL SECURITY, WHICH, IF YOU DON'T KNOW IT,
IT'S SOCIAL SECURITY.GOV/WEBINARS.
WE HAVE A RELATIVELY RECENT ONE THAT DIRECTLY ADDRESSES
EMPLOYEES WHO WORK FOR INSTITUTIONS OR AGENCIES OR ANY
COMPANIES WHERE THEY DON'T PAY INTO SOCIAL SECURITY,
AND HOW IT AFFECTS YOUR SOCIAL SECURITY BENEFITS.
>> OKAY.
WE JUST GOT A QUESTION FROM OUR TWITTER ACCOUNT.
AND THEY WANT TO KNOW IF YOU, IF YOU CAN TELL THEM HOW TO
CALCULATE THEIR RETIREMENT BENEFITS.
>> YES.
THERE'S A WEBSITE THAT I'LL GIVE YOU RIGHT NOW.
SOCIAL SECURITY.GOV/ESTIMATOR.
WE HAVE SOMETHING CALLED THE ONLINE RETIREMENT ESTIMATOR.
IT'S REAL EASY TO USE.
YOU JUST LOG IN REAL QUICK.
YOU PUT IN A LITTLE BIT OF YOUR INFORMATION,
AND IT LINKS UP BEHIND SCENES WITH YOUR TRUE SOCIAL SECURITY
EARNINGS RECORD.
NOW, REMEMBER WE USE YOUR BEST 35 YEARS TO CALCULATE YOUR
BENEFIT.
SO IF YOU'VE WORKED ENOUGH TO GET A BENEFIT,
YOU'LL KNOW BY LOGGING IN AND YOU'LL KNOW BECAUSE OF THE FACT
THAT IT WILL TELL YOU SO ON YOUR SOCIAL SECURITY STATEMENT,
WHEN YOU GO INTO THE ESTIMATOR YOU CAN PUT IN ALL DIFFERENT
KINDS OF SCENARIOS.
WHAT IF I MAKE THIS MONEY THIS YEAR?
WHAT IF I DON'T MAKE THIS MONEY?
WHAT IF I GET LAID OFF AND HAVE A COUPLE OF YEARS WITH ZEROES?
YOU CAN PLAY AROUND WITH DIFFERENT SCENARIOS,
AS FAR AS FUTURE SCENARIOS, AND IT WILL GIVE YOU RELATIVELY
ACCURATE ESTIMATES BASED ON THE DIFFERENT SCENARIOS YOU PLUG IN.
NOW KEEP IN MIND, TO GET THE EXACT ACCURATE INFORMATION
YOU'LL GET THAT WHEN YOU ACTUALLY APPLY FOR BENEFITS WITH
THE SOCIAL SECURITY ADMINISTRATION.
BUT IT WILL GIVE YOU SOME GOOD ESTIMATES.
>> HERE'S A QUESTION WE JUST GOT IN.
AS AN EMPLOYER, WE GET QUESTIONS FROM EMPLOYEES REGARDING SOCIAL
SECURITY.
IS THERE SOME GUIDANCE YOU CAN HELP BY PROVIDING US ON WHAT TO
COUNSEL OUR EMPLOYEES?
>> YES, WE HAVE A WHOLE SECTION OF OUR WEBSITE DEDICATED TO
EMPLOYERS.
IT'S SOCIAL SECURITY.GOV/EMPLOYERS.
WE ALSO HAVE SOMETHING CALLED THE BUSINESS SERVICES ONLINE.
WE CALL IT THE BSO.
YOU CAN FIND THAT AT THE TOP OF OUR HOMEPAGE,
SOCIAL SECURITY.GOV.
INFORMATION FOR EMPLOYERS, PAYROLL PROFESSIONALS,
PAYROLL COMPANIES.
AND YOU CAN USE THAT AS A GENERAL GUIDANCE FOR YOUR
EMPLOYEES AND HOW ALL OF THIS WORKS AS FAR AS YOU REPORTING
THEIR WAGES TO SOCIAL SECURITY.
AND THEN WE'VE GOT INFORMATION TO MAKE IT MUCH EASIER FOR YOU
BY REPORTING THOSE WAGES ONLINE AND VERIFYING SOCIAL SECURITY
NUMBERS ONLINE IF YOU ARE IN A SITUATION WHERE YOU'RE ELIGIBLE
TO DO SO AS A COMPANY.
>> WE HAVE A VIEWER WHO WOULD LIKE TO KNOW WHAT EFFORTS ARE
MADE SO THAT LIMITED ENGLISH PROFICIENT BENEFICIARIES CAN GET
THE INFORMATION THAT THEY NEED.
>> IF YOU LOOK IN THE TOP RIGHT CORNER OF OUR MAIN WEBSITE,
SOCIAL SECURITY.GOV, YOU'LL SEE TWO DIFFERENT LINKS.
ONE IS ESPANOL.
OUR WEBSITE HAS BEEN TRANSLATED OVER ALMOST WORD FOR WORD INTO
SPANISH.
SO YOU CAN LOOK AT MOST ALL OF THE INFORMATION JUST LIKE IT IS
IN ENGLISH AND SPANISH.
AND BESIDES THAT IN THE TOP RIGHT CORNER OF THE HOMEPAGE,
STILL THE MAIN PAGE, THERE'S A LINK THAT I BELIEVE IT SAYS
OTHER LANGUAGES.
WE HAVE OUR PUBLICATIONS AVAILABLE IN MANY DIFFERENT
LANGUAGES, I THINK IT'S 15 OR 16 DIFFERENT LANGUAGES.
WE ALSO HAVE INFORMATION AVAILABLE IN BRAILLE,
IN AUDIO FORMAT, AND THAT GOES BACK TO OUR VIEWER WHO ASKED THE
QUESTION ABOUT ACCESSIBILITY.
SO WE HAVE OUR INFORMATION OUT THERE IN A VARIETY OF WAYS.
WE ALSO OFFER INTERPRETER SERVICES.
AND YOU CAN FIND MORE ABOUT THAT ON THE SECTION THAT YOU'LL GET
TO BY THAT LINK IN THE TOP RIGHT CORNER,
THAT'S CALLED OUR MULTILANGUAGE GATEWAY.
SO YES, WE HAVE INFORMATION IN A VARIETY OF FORMATS FOR PEOPLE TO
GET INFORMATION THEY NEED ABOUT THEIR SOCIAL SECURITY.
>> WE HAVE A VIEWER WHO WANTS TO KNOW WHAT CAN A 20 OR
30-SOMETHING PERSON DO ONLINE?
>> THE BEST THING YOU CAN DO ONLINE, IN OUR OPINION,
IF YOU'RE 20 OR 30 YEARS OLD IS RESEARCH.
WE HAVE TONS OF INFORMATION ON THERE FOR YOU TO START PLANNING
NOW.
AND YOU HEAR IT ALL THE TIME.
IT'S NEVER TOO EARLY TO START THINKING ABOUT RETIREMENT.
IT REALLY NEVER TOO EARLY.
SO WE'VE GOT LOTS OF INFORMATION ON THERE FOR YOU TO GO IN NOW
AND FIGURE OUT HOW THESE PROGRAMS WORK.
FIGURE OUT WHAT THE ACTUARY PAGES SAY AS FAR AS THE FUTURE
OF SOCIAL SECURITY AND REALLY JUST BECOME A MORE EDUCATED
CITIZEN, AND YOU CAN COMPARE THAT WITH INFORMATION YOU FIND
ONLINE FROM DIFFERENT FINANCIAL PROFESSIONALS, CPA'S,
FINANCIAL ADVISERS, AND YOU WILL MAKE YOURSELF A MORE INFORMED
CONSUMER BY KNOWING HOW SOCIAL SECURITY WILL IMPACT IN YOUR
COORDINATION IN OTHER THINGS THAT YOU DO TO SUPPLEMENT YOUR
SOCIAL SECURITY.
>> WE HAVE ANOTHER VIEWER WHO WOULD LIKE TO KNOW CAN A CHILD
WHO IS DISABLED FILE FOR BENEFITS?
>> A PARENT CAN APPLY FOR BENEFITS FOR A CHILD AND IF THAT
CHILD WERE TO BE APPROVED, LET'S SAY FOR SSI,
THERE ARE RULES IN PLACE THAT PREVENT, OF COURSE,
A MINOR FROM BEING ABLE TO GET A PAYMENT FROM SOCIAL SECURITY.
SO WE WOULD SET UP A PARENT OR GUARDIAN,
OR IF THERE'S NO PARENT OR GUARDIAN AVAILABLE,
WE WOULD FIND SOMEONE ELSE IN THE CHILD'S CIRCLE WHO WOULD BE
ABLE TO HELP WITH THE FINANCES.
AND THEN, OF COURSE, WE DO AN ACCOUNTING EVERY YEAR WITH THOSE
PAYEES TO MAKE SURE THAT THE MONEY IS BEING SPENT FOR THAT
CHILD'S, FOR THAT BENEFICIARY, IN THEIR BEST INTEREST.
NOW YOU CAN FIND OUT MORE INFORMATION ABOUT THAT ON OUR
REPRESENTATIVE PAYEE PAGE.
AND THE LINK FOR THAT IS: SOCIAL SECURITY.GOV/PAYEE.
>> OKAY, AND WHILE WE WAIT FOR SOME MORE LIVE QUESTIONS TO COME
IN, I'M GOING TO ADDRESS A QUESTION WE GOT IN EARLIER THIS
WEEK.
WHEN I RETIRE HOW LONG BEFORE I GET PAID BY SOCIAL SECURITY?
>> THE WAY IT WORKS IS YOU HAVE TO BE LIVING AND ELIGIBLE FOR A
SOCIAL SECURITY BENEFIT THROUGHOUT THE ENTIRE MONTH AND
THEN IT'S PAID TO YOU THE FOLLOWING MONTH.
SO SOCIAL SECURITY BENEFITS ARE ALWAYS PAID ONE MONTH BEHIND.
SO THE CHECK THAT YOU GET OR THE DIRECT DEPOSIT THAT YOU GET IS
YOUR PAYMENT FOR THE PREVIOUS MONTH.
>> OKAY.
WE JUST GOT SOME MORE QUESTIONS.
IF I BECOME IMPAIRED CAN SOMEONE HELP MANAGE MY BENEFITS?
>> YES, YOU PROBABLY SENT THAT IN AS I WAS DISCUSSING THE PAYEE
SYSTEM, BUT WE DO HAVE A SYSTEM CALLED THE REPRESENTATIVE PAYEE
PROGRAM.
AND THAT'S AGAIN SOCIAL SECURITY.GOV/PAYEE.
AND THERE ARE CERTAIN SITUATIONS WHERE WE ARE REQUIRED TO
ESTABLISH THE PAYEE FOR SOMEONE AND OTHER SITUATIONS WHERE IT'S
MORE OF A JUDGMENT CALL.
SO WE'LL WORK WITH YOU AND PEOPLE IN YOUR CIRCLE TO FIGURE
OUT WHAT THE BEST SCENARIO IS FOR YOU AS FAR AS WHETHER OR NOT
YOU NEED A PAYEE.
BUT YES, WE DO HAVE A SYSTEM IN PLACE.
SOCIAL SECURITY DOESN'T RECOGNIZE POWER OF ATTORNEY.
WE GET A LOT OF QUESTIONS ABOUT THAT.
SO THAT'S WHY WE HAVE THIS SEPARATE PROGRAM WHERE WE
ESTABLISH PEOPLE TO BE A REPRESENTATIVE PAYEE WHICH
ENTITLES THEM TO HANDLE A SOCIAL SECURITY PAYMENT ON BEHALF OF
SOMEONE ELSE.
>> ALL RIGHT.
WE HAVE A QUESTION FROM A VIEWER WHO WANTS TO KNOW IS THERE A
MAXIMUM AMOUNT OF CREDITS THAT CAN BE EARNED IN A LIFETIME.
>> ONCE YOU'VE EARNED 40 CREDITS YOU'RE GOOD TO GO.
I MEAN, IT DOESN'T MATTER HOW MANY YOU EARN BEYOND THAT.
ONCE YOU'VE EARNED YOUR 40 CREDITS THAT MEANS YOU'RE
ELIGIBLE FOR RETIREMENT.
KEEP IN MIND, WE USE YOUR BEST 35 YEARS WHEN WE CALCULATE THE
BENEFITS.
AND IF YOU HAVE 40 CREDITS BUT YOU DON'T HAVE 35 YEARS,
ZEROES GO INTO THE CALCULATION FOR ANY YEARS THAT YOU'RE
MISSING.
SO, THE REASONS I ADDRESS THAT IS SOMETIMES PEOPLE ASK,
IS IT POSSIBLE TO WORK FOR ABOUT 10 YEARS AND GET THOSE 40
CREDITS AND STOP WORKING AND NOT WORK ANOTHER DAY UNTIL I GET TO
62, WOULD I STILL GET A RETIREMENT BENEFIT?
THE ANSWER IS YES.
BUT IN THAT SCENARIO YOU HAVE TO REALIZE THAT SOCIAL SECURITY BY
LAW STILL HAS TO USE 35 YEARS IN THE CALCULATION.
SO YOU WOULD HAVE A LOT OF ZEROES AVERAGED IN THERE BECAUSE
AGAIN, IT'S THE AVERAGE OF YOUR BEST 35 YEARS.
SO YOU WOULDN'T RECEIVE AS HIGH A BENEFIT AS YOU WOULD IF YOU
WORKED FOR THE FULL 35 YEARS.
>> OKAY, AND ALONG THOSE LINES WE JUST GOT THIS REQUEST FROM
OUR TWITTER ACCOUNT.
THERE IS A STANDARD AMOUNT BASED ON YOUR NUMBER OF CREDITS AND
AGE, OR IS THE BENEFIT AMOUNT BASED ON MY SALARY?
>> WHAT YOU WANT TO DO IS GO TO OUR BENEFIT CALCULATORS.
YOU KNOW, WE HAVE DETAILED INFORMATION ABOUT HOW WE
CALCULATE YOUR BENEFIT.
WE ALSO HAVE A FACTSHEET DIRECTLY RELATED TO THIS,
THAT ADDRESSES JUST ON ONE PAGE FRONT AND BACK HOW WE CALCULATE
YOUR SOCIAL SECURITY RETIREMENT BENEFIT.
SO TO FIND THAT YOU WOULD GO TO THE HOMEPAGE,
SOCIAL SECURITY.GOV, CLICK ON PUBLICATIONS AND THEN SCROLL
DOWN TO THE RETIREMENT SECTION.
YOU'LL SEE HOW WE CALCULATE IT.
BASICALLY WE LOOK AT ALL THE EARNINGS THAT YOU'VE HAD OVER
THE COURSE OF YOUR CAREER.
WE INDEX YOUR EARNINGS.
WE TAKE THE BEST 35 YEARS OUT.
WE AVERAGE IT TO SEE WHAT YOUR MONTHLY AVERAGE WOULD BE AND
THEN IT GOES INTO A FORMULA CONGRESS SETS EVERY YEAR.
SO THE EASIEST WAY TO FIGURE IT OUT IS TO JUST USE THE ONLINE
RETIREMENT ESTIMATOR, BECAUSE IT DOES ALL OF THAT FOR YOU BEHIND
THE SCENES.
BUT IF YOU WANT TO DO IT ON PAPER, PEN AND PAPER,
AND MAKE SURE THAT OUR NUMBERS ARE CORRECT,
YOU'RE WELCOME TO USE THAT FACTSHEET.
IT TALKS ABOUT HOW WE CALCULATE IT AND DO IT ALL BY YOURSELF.
>> OKAY.
ANOTHER QUESTION WE GOT IN FROM TWITTER,
WHAT ADVICE DO YOU HAVE FOR COLLEGE STUDENTS TODAY TO START
PLANNING FOR RETIREMENT NOW?
HOW DO SOCIAL SECURITY RETIREMENT BENEFIT FACTOR IN MY
POST-RETIREMENT.
>> ALL RIGHT.
SO WHEN YOU'RE WATCHING THIS AS A RECORDED PRESENTATION LATER,
YOU'RE SHARING IT WITH YOUR FRIENDS, YOUR FAMILY,
YOU'LL WANT TO PAY ATTENTION TO THE PART WHERE WE TALKED ABOUT
HOW SOCIAL SECURITY FOR THE AVERAGE WORKER IN AMERICA
REPLACES ABOUT 40% OF YOUR PRERETIREMENT EARNINGS.
SO THAT'S HOW IT FACTORS IN TO YOUR FUTURE FINANCIAL PLANNING.
YOU KNOW IF ON AVERAGE SOCIAL SECURITY REPLACES ABOUT 40%,
THAT ABOUT 60% NEEDS TO COME FROM SOMEWHERE ELSE.
SO, SOMEWHERE ELSE WOULD BE FROM YOUR SAVINGS, YOUR INVESTMENTS,
YOUR PENSION, IF YOU HAVE ONE, AND ANY OTHER INCOME STREAMS
THAT YOU HAVE WHEN YOU RETIRE.
AS FAR AS THE PLANNING, AGAIN, YOU WANT TO GO TO SOCIAL
SECURITY.GOV/PLANNERS AND USE YOUR PLANNER AND ALSO GO TO MY
MONEY.GOV TO SEE INFORMATION THAT WE PUT TOGETHER ALONG WITH
OTHER AGENCIES, AND THEN YOU'LL DEFINITELY WANT TO DO YOUR OWN
RESEARCH, YOU KNOW.
TALK TO A FINANCIAL ADVISER, A CPA,
AND DO YOUR OWN INTERNET RESEARCH,
AND THEN YOU JUST KIND OF HAVE TO PUT ALL OF THAT TOGETHER AND
SEE WHAT MAKES THE MOST SENSE TO YOU FOR YOUR SITUATION AND YOUR
FAMILY SITUATION.
>> OKAY, NOW WE HAVE A QUESTION FROM A VIEWER WHO WANTS TO KNOW
IS THERE ANY INFORMATION AVAILABLE FOR WINDFALL
ELIMINATION AND GOVERNMENT PENSION OFFSET FOR PUBLIC
EMPLOYEES?
>> YES, WE HAVE TONS OF INFORMATION ON THAT ON OUR
WEBSITE.
THE ACTUAL URL'S FOR THAT WOULD BE SOCIAL SECURITY.GOV/WEP OR
SOCIAL SECURITY.GOV/GPO.
AND AGAIN, KEEP IN MIND, WE ALSO HAVE A WEBINAR THAT ADDRESSES
THAT.
IF YOU WANT TO WATCH A PRESENTATION LIKE THIS INSTEAD
OF BROWSING A WEBSITE AND READING ABOUT IT,
YOU CAN WATCH A PRESENTATION.
JUST GO TO SOCIAL SECURITY.GOV/WEBINARS AND SCROLL
DOWN TO THE PART THAT TALKS ABOUT PUBLIC EMPLOYEES AND THE
WINDFALL ELIMINATION PROVISION, OR WE CALL IT WEP.
>> WE HAVE A VIEWER WHO WOULD LIKE TO KNOW,
IF YOU WERE ABLE TO WORK BUT NOT FULL-TIME DUE TO YOUR
DISABILITY, CAN YOU STILL RECEIVE DISABILITY?
>> FOR THIS QUESTION I'M GOING TO REFER YOU BACK TO THE RED
BOOK.
IF YOU MISSED THAT PART OF THE BROADCAST,
WHAT YOU'LL WANT TO DO IS GO TO SOCIAL SECURITY.GOV.
AND ON THE HOMEPAGE FIND THE SEARCH BOX AT THE TOP AND JUST
TYPE IN THE PHRASE RED BOOK.
THAT WILL TAKE YOU TO THE INFORMATION ABOUT SOCIAL
SECURITY'S WORK INCENTIVES.
AND GEP, WORK INCENTIVES ARE PROGRAMS THAT ALLOW YOU TO TRY
AND TRANSITION BACK TO WORK WHILE HANGING ON TO YOUR
BENEFITS.
AND, IF YOU'RE ABLE TO TRANSITION BACK INTO THE
WORKFORCE AND GO FULL-TIME AND MAKE A LOT MORE MONEY THAN YOU'D
BE ABLE TO GET FROM SOCIAL SECURITY,
EVENTUALLY YOUR SOCIAL SECURITY BENEFITS WOULD STOP.
IF YOU TRY AND TRANSITION BACK AND YOU'RE WORKING WITHIN THE
WORK INCENTIVES PROGRAM, AND, YOU'RE NOT ABLE TO CONTINUE
BECAUSE OF YOUR DISABILITY, YOU HAVEN'T LOST ANYTHING BECAUSE
YOU'VE STILL GOT YOUR BENEFITS.
>> OKAY.
WE HAVE ANOTHER QUESTION ABOUT DISABILITY.
IF SOMEONE WAS JUST AWARDED DISABILITY PAYMENTS AND HAS
KIDS, HOW DO YOU FIGURE OUT HOW MUCH THEY WILL RECEIVE?
>> ALL RIGHT.
WHEN WE CALCULATE BENEFITS, WE -- FOR SOCIAL SECURITY,
WE ARE BASING EVERYTHING AROUND WHAT WE CALL YOUR PRIME
INSURANCE AMOUNT.
THAT'S HOW MUCH YOU WOULD GET IF YOU REACHED FULL RETIREMENT AGE.
NOW DEPENDING ON THE TYPE OF BENEFITS THAT YOUR DEPENDENTS
WOULD RECEIVE, IT VARIES AS FAR AS HOW WE CALCULATE HOW MUCH
THEIR CHECK WOULD BE.
ALSO DEPENDS ON HOW MANY DEPENDENTS YOU HAVE,
BECAUSE THERE'S A MAXIMUM THAT ANY FAMILY CAN RECEIVE IN SOCIAL
SECURITY BENEFITS BASED ON ONE WORKER'S EARNINGS.
SO AGAIN, WHAT YOU WOULD WANT TO DO IS GO TO OUR WEBSITE AND LOOK
UP THE PART ON CHILDREN'S BENEFITS AND JUST TYPE THAT INTO
THE SEARCH BOX.
AND IT SHOULD TAKE YOU TO -- AND WE ALSO HAVE SOME PUBLICATIONS
THAT ADDRESS THAT ISSUE.
>> NOW HERE'S A QUESTION ABOUT SENIORS.
SO FOR MAYBE ANYONE WATCHING WHO HAS GRANDPARENTS OR KNOWS A
NEIGHBOR WHO CAN BENEFIT FROM THIS,
THEY WANT TO KNOW HOW CAN THEY GET ACCESS OF SOCIAL SECURITY
INFORMATION IF THEY DON'T HAVE ACCESS TO A COMPUTER.
>> WE ARE NOT FORCING ANYBODY TO GO ONLINE.
WE PUT A LOT OF INFORMATION ON OUR WEBSITE IN A VERY EASY TO
USE FORMAT, JUST TO MAKE IT ACCESSIBLE TO YOU IF THAT'S THE
WAY YOU WANT TO DO BUSINESS WITH SOCIAL SECURITY.
IF YOU DON'T HAVE INTERNET ACCESS OR A PARENT OR
GRANDPARENT DOESN'T USE THE WEB, THAT'S WHY WE STILL HAVE TONS
AND TONS OF PUBLICATIONS AVAILABLE.
YOU CAN GET THOSE BY CALLING THE NATIONAL 800 NUMBER AND
REQUESTING THEM.
THAT'S 1-800-772-1213.
YOU CAN TALL FROM 7 IN THE MORNING UNTIL 7 AT NIGHT.
THE BEST WAY FOR YOU TO HELP A PARENT OR GRANDPARENT GET A
PUBLICATION IS TO GO YOURSELF ON THE SOCIAL SECURITY'S WEBSITE,
SOCIAL SECURITY.GOV, CLICK ON PUBLICATIONS ON THE LEFT SIDE
AND FIND THE PUBLICATIONS THAT RELATE TO THEM.
NOW YOU HAVE THE OPTION OF JUST PRINTING IT OUT FROM YOUR
COMPUTER, BUT IF YOU WANT THE ACTUAL, YOU KNOW,
HARD COPY THAT THEY CAN SIT DOWN WITH ON THE COUCH AND FLIP
THROUGH LIKE A BOOK OR READ A FACTSHEET, FRONT AND BACK,
THAT'S HOW THEY PREFER TO READ IT,
THEN YOU CAN CALL OUR 800 NUMBER AND REQUEST IT,
OR YOU CAN ACTUALLY REQUEST PUBLICATIONS DIRECTLY THROUGH
YOUR WEBSITE FOR THEM, HAVE IT SENT TO THEIR ADDRESS.
THAT'S ALSO ON THE PUBLICATIONS PAGE,
YOU CAN FIND INFORMATION ABOUT HOW TO CONTACT OUR WAREHOUSE.
>> OKAY.
AND WHILE WE WAIT FOR SOME MORE QUESTIONS TO COME IN,
I'M GOING TO GO TO A QUESTION WE GOT EARLIER THIS WEEK.
MY WIFE RECENTLY PASSED AWAY LEAVING A FINANCIAL BURDEN.
HOW CAN I AS A WIDOWER POSSIBLY RECOVER SOME OF HER SOCIAL
SECURITY BENEFITS?
>> FIRST, I'M VERY SORRY FOR YOUR LOSS.
I CAN'T EVEN IMAGINE.
WHEN I WAS A CLAIMS REP FOR ABOUT FOUR YEARS,
I TALKED WITH A LOT OF PEOPLE IN YOUR SITUATION.
THE FIRST THING TO DO IS AGAIN, JUST TO EDUCATE YOURSELF ABOUT
WHAT KIND OF BENEFITS ARE AVAILABLE.
YOU GO TO SOCIAL SECURITY.GOV/PLANNERS,
LOOK AT THE SURVIVOR'S PLANNER.
YOU CAN GO TO THE MAIN SITE AND CLICK ON SURVIVORS,
THE BOX AT THE TOP OF THE PAGE.
AND IF YOU LOOK AT WHAT'S OUT THERE AND YOU THINK THERE'S ANY
CHANCE THAT YOU MIGHT BE ELIGIBLE FOR SOME OF THESE
BENEFITS, LIKE WE HAVE ONE PROGRAM CALLED THE LUMP SUM
DEATH PAYMENT, AND WE ALSO HAVE MONTHLY SURVIVOR BENEFITS,
WHICH GO TO A WIDOW OR WIDOWER, YOU WOULD WANT TO CALL US,
1-800-772-1213 AND SCHEDULE AN APPOINTMENT TO TALK WITH A
SOCIAL SECURITY REPRESENTATIVE.
I MEAN, EVEN IF THERE'S ANY CHANCE THAT YOU MIGHT BE
ELIGIBLE, YOU WANT TO GO AHEAD AND CONTACT US SO THAT WE CAN
TALK WITH YOU ABOUT IT AND WALK YOU THROUGH THE PROCESS AND MAKE
IT AS PAINLESS AS POSSIBLE FOR YOU AND GET THE BENEFITS THAT
YOU'RE ELIGIBLE FOR IF YOU ARE.
>> THANKS, BRIAN.
WE JUST GOT ANOTHER QUESTION THAT CAME AND THEY WANT TO KNOW,
THEIR CARD WAS STOLEN AND WHAT CAN THEY DO TO PREVENT IDENTITY
THEFT IN THE FUTURE.
>> ALL RIGHT.
WE DO HAVE BROCHURES ABOUT THAT.
IT'S CALLED IDENTITY THEFT AND YOUR SOCIAL SECURITY NUMBER.
IF YOU GO TO SOCIAL SECURITY.GOV,
AGAIN CLICK ON PUBLICATION, JUST SCROLL DOWN UNTIL YOU GET TO
THAT FORM.
BUT IF YOU FEEL LIKE -- IF YOU REALLY FEEL LIKE YOU'VE BEEN A
VICTIM OF IDENTITY THEFT, YOU'LL WANT TO CONTACT THE FEDERAL
TRADE COMMISSION, THAT'S THE AGENCY THAT HANDLES ID THEFT,
NOT SOCIAL SECURITY.
THE THINGS THAT YOU WOULD WANT TO CHECK ON THE SOCIAL SECURITY
SIDE ARE FIRST, LOOK AT YOUR SOCIAL SECURITY STATEMENT AS IT
COMES AND MAKE SURE THE EARNINGS ON THERE ARE YOUR EARNINGS.
SOMETIMES THAT'S HOW PEOPLE DETERMINE THAT SOMEBODY ELSE IS
USING THEIR NUMBER.
LIKE IF YOU KNOW THAT YOU MADE $10,
000 THIS YEAR AND YOUR SOCIAL SECURITY STATEMENT SAYS YOU MADE
30, THERE'S A CHANCE THAT SOMEBODY ELSE'S W2 IS ON YOUR
STATEMENT.
MAYBE IT WAS AN ERROR IN TAX RETURN,
MAYBE IT'S SOMEBODY ELSE WHO GAVE YOUR NUMBER TO AN EMPLOYER
TO GET THAT JOB.
SO, YOU WANT TO CHECK YOUR SOCIAL SECURITY STATEMENT AND
THEN OF COURSE WE'LL CHECK YOUR SOCIAL SECURITY RECORD FOR YOU
AND MAKE SURE THAT NOBODY HAS APPLIED FOR BENEFITS USING YOUR
INFORMATION IN A FRAUDULENT MANNER,
AND THAT GOES BACK TO YOUR OFFICE OF THE INSPECTOR GENERAL.
>> WE JUST GOT ANOTHER QUESTION IN.
DO ALL FEDERAL EMPLOYEES PAY TO SOCIAL SECURITY?
>> IT DEPENDS ON WHEN THEY STARTED?
THERE'S STILL SOME FEDERAL EMPLOYEES WHO ARE UNDER WHAT WE
CALL THE OLD SYSTEM OR CIVIL SERVICE RETIREMENT SYSTEM, CSRS,
AND THEN AS OF A CERTAIN DATE, AND I DON'T WANT TO TELL YOU
WRONG, BUT AS OF A CERTAIN DATE, ALL FEDERAL EMPLOYEES WHO WERE
HIRED WERE PUT UNDER THE FEDERAL EMPLOYEE RETIREMENT SYSTEM OR
FERS.
THAT'S WHAT I'M UNDER.
I PAY INTO SOCIAL SECURITY, NOT THE CIVIL SERVICE RETIREMENT
SYSTEM.
WHERE IT'S KIND OF LIKE WHAT I WAS TALKING ABOUT WITH THE
RAILROAD, WHERE SOME EMPLOYEES WHO STARTED BACK BEFORE I DID
PAY INTO A DIFFERENT SYSTEM.
ALL NEW EMPLOYEES COMING IN THAT I'M AWARE OF ANYWAYS,
PAY INTO SOCIAL SECURITY.
WE HAVE FICA TAXES COME OUT OF OUR PAYCHECKS.
SO IF YOU'RE THINKING ABOUT APPLYING FOR A FEDERAL JOB,
WE'VE GOT INFORMATION ABOUT JOBS WITH SOCIAL SECURITY,
DIFFERENT CAREER PATHS WITH OUR AGENCY AT SOCIAL
SECURITY.GOV/CAREERS.
AND FOR VACANCY ANNOUNCEMENTS FOR ALL FEDERAL AGENCIES,
YOU'D GO TO WWW.USA JOBS.COM.
>> OKAY, I'M GOING TO GO TO ANOTHER QUESTION WE GOT IN
EARLIER THIS WEEK WHILE WE WAIT FOR YOUR QUESTIONS TO COME IN.
HERE'S ONE THAT SAYS, SINCE I STARTED WORKING AT A YOUNG AGE,
WILL I GET A DECENT AMOUNT AS MY SOCIAL SECURITY BENEFIT?
>> WELL, I GUESS DECENT IS KIND OF RELATIVE.
BUT, KEEP IN MIND THAT WE ARE GOING TO USE YOUR BEST 35 YEARS
OF WORK.
THE HIGHER YOUR EARNINGS OVER THOSE 35 YEARS,
THE HIGHER YOUR SOCIAL SECURITY BENEFIT WILL BE.
AND AGAIN, THE MAXIMUM BENEFIT FOR PEOPLE RETIRING RIGHT NOW AT
FULL RETIREMENT AGE IS A LITTLE OVER $2,000.
PEOPLE RETIRING AT FULL RETIREMENT AGE IN 2011,
IF THEY HAD MAXIMUM EARNINGS THROUGHOUT THOSE 35 YEARS THEIR
MONTHLY WOULD BE ABOUT $2,366, AGAIN THAT'S IF THEY ARE
APPLYING FOR RETIREMENT IN 2011 AND THEIR FULL RETIREMENT AGE IS
66.
AND THEY ARE REACHING THAT THIS YEAR.
SO A LITTLE OVER $2,000 RIGHT NOW IF YOU'VE HAD VERY HIGH
EARNINGS OVER YOUR CAREER.
>> GREAT.
AND WE'LL GO TO SOME MORE QUESTIONS WE GOT IN EARLIER THIS
WEEK.
CAN A MINOR CHILD GETTING SOCIAL SECURITY CONTINUE RECEIVING A
CHECK IF HE GOES TO COLLEGE?
>> NO.
SOCIAL SECURITY DOESN'T PAY CHILDREN'S BENEFITS TO STUDENTS
WHO ARE 18 OR OLDER AND IN COLLEGE.
AGAIN, THEY STOP -- THE CHILDREN'S BENEFITS STOP AT AGE
18 UNLESS YOU'RE STILL A FULL-TIME HIGH SCHOOL STUDENT OR
SECONDARY OR ELEMENTARY SCHOOL STUDENT WHEN YOU TURN 18.
AND IN THAT CASE WE CAN, AS LONG AS WE GET THE PROPER PAPERWORK
FROM YOU WHICH WE'LL EXPLAIN TO YOU,
WE CAN CONTINUE THOSE CHECKS UP UNTIL YOU EITHER TURN 19 OR
GRADUATE.
AND THE ONLY WAY TO CONTINUE THE CHECKS BEYOND THAT,
BECAUSE THEY ARE CHECKS THAT ARE COMING TO YOU BASED ON HOW MUCH
ONE OF YOUR PARENT'S EARNED, THE ONLY WAY WE CAN CONTINUE YOUR
PAYMENTS PAST 19 IS IF YOU ARE DISABLED.
>> WE JUST GOT A QUESTION IN FROM A VIEWER WHO HAS -- WHO
WANTS TO KNOW MORE ABOUT DISABILITY.
IF I RECEIVE SOCIAL SECURITY DISABILITY BUT CONTINUE TO WORK,
WILL MY BENEFIT INCREASE?
>> WELL, THERE'S KIND OF TWO SIDES TO THAT ISSUE.
FIRST, IS MAKE SURE IF YOU ARE WORKING YOU'RE WORKING WITHIN
THE WORK INCENTIVES PROGRAM SO THAT YOU'RE ABLE TO HANG ON TO
YOUR BENEFITS WHILE YOU SEE IF IT'S GOING TO WORK OUT.
NOW IF YOU DO CONTINUE WORKING AND PAYING INTO THE SYSTEM, YES,
YOUR PAYMENT MAY GRADUALLY INCREASE.
AND THE SAME GOES FOR RETIREMENT.
I GET THAT QUESTION A LOT WHEN I'M TALKING TO INDIVIDUALS ABOUT
RETIREMENT.
IF YOU COME TO US AND APPLY FOR BENEFITS,
WE ARE GOING TO USE YOUR BEST 35 YEARS AT THAT POINT.
BUT IF YOU KEEP WORKING, WHICH YOU CAN,
EACH YEAR THAT YOU CONTINUE TO WORK,
WHEN THAT NEW AMOUNT FROM YOUR W2 OR FROM YOUR TAX RETURN,
IF YOU'RE SELF-EMPLOYED AT THAT NEW PROFIT AMOUNT,
WHEN IT COMES OVER AND SHOWS UP ON YOUR SOCIAL SECURITY
STATEMENT, YOUR SOCIAL SECURITY RECORD,
WE ARE GOING TO LOOK AT THE 35 YEARS THAT WE WERE USING.
IF THAT NEW AMOUNT IS HIGHER THAN THE LOWEST 35 YEARS WE WERE
USING, WE ARE GOING TO DROP OFF THE LOWEST YEAR,
ADD IN THE NEW YEAR AND RECALCULATE YOUR BENEFITS.
SO, LONG STORY SHORT, YES, IF YOU KEEP WORKING AFTER YOU START
GETTING BENEFITS YOU CAN GRADUALLY INCREASE YOUR PAYMENT
OVER TIME.
>> OKAY.
BRIAN, WE HAVE TIME FOR JUST A FEW MORE QUESTIONS TODAY.
AND I'M GOING TO GET SOME THAT JUST CAME IN.
HERE'S ONE THAT WANTS TO KNOW WILL THIS WEBINAR BE AVAILABLE
FOR FUTURE VIEWING?
>> YES, IF YOU WANT TO BOOKMARK THE MAIN PAGE FOR YOUR WEBINARS,
IT'S SOCIAL SECURITY.GOV/WEBINARS.
WE HAVE ALREADY GOT SEVERAL ON THERE.
I THINK THIS IS YOUR NINTH IF I'M NOT MISTAKEN.
AND WE PLAN TO DO A LOT MORE.
THAT'S WHY WE REALLY HOPE TO HEAR FROM YOU EITHER BY CLICK
THE BUTTON TO SEND IN A QUESTION THROUGH THIS WEBINAR OR BY
CONTACTING US THROUGH YOUR TWITTER PROFILE WHICH IS AT
SOCIAL SECURITY OR JUST SENDING IT TO TWEET OUT WITH THE HASHTAG
SSA-101 OR CONTACTING US ON YOUR FACEBOOK PAGE.
IF YOU GO TO SOCIALSECURITY.GOV,
LOOK IN THE BOTTOM RIGHT CORNER, FIND THE FACEBOOK ICON,
CLICK ON THAT AND YOU CAN POST A QUESTION TO US TO FACEBOOK.
LET US KNOW WHAT YOU'RE INTERESTED IN AND THE MORE
PEOPLE THAT YOU GET TOGETHER FROM YOUR FRIENDS OR FROM YOUR
SCHOOL -- I KNOW WE HAVE GOT A LOT OF DIFFERENT UNIVERSITIES
WATCHING TODAY -- THE MORE PEOPLE THAT WE SEE HAVE AN
INTEREST AND AN ISSUE, THE MORE LIKELY WE ARE TO DO A WEBINAR ON
IT DOWN THE ROAD.
>> OKAY, WE JUST GOT SOME QUESTIONS IN ABOUT THE EARNINGS
STATEMENT.
ONE OF THEM WANTS TO KNOW CAN I REQUEST A DETAILED EARNINGS
RECORD.
>> YES, IF YOU DON'T HAVE A COPY OF YOUR SOCIAL SECURITY
STATEMENT, YOU CAN GO TO OUR WEBSITE,
SOCIAL SECURITY.GOV OR YOU CAN CALL OUR 800 NUMBER.
AGAIN 1-800-772-1213 AND GET A REPLACEMENT COPY OF YOUR SOCIAL
SECURITY STATEMENT.
NOW IF YOU WANT REAL INTRICATE DETAILS ABOUT WHAT YOU -- WHERE
THE MONEY CAME FROM FOR EACH YEAR THAT'S ON YOUR SOCIAL
SECURITY STATEMENT, WE DO HAVE INFORMATION ON OUR WEBSITE ABOUT
HOW YOU CAN REQUEST THAT.
THE FURTHER YOU GO BACK -- I BELIEVE THAT'S A FEE FOR IT --
BUT I DON'T WANT TO TELL YOU WRONG -- BUT WE DO HAVE
INFORMATION ON YOUR WEBSITE ABOUT HOW TO GET A REALLY
DETAILED RECORD OF YOUR EARNINGS STATEMENT,
IF YOU NEED THAT FOR SOME OTHER USE.
>> BRIAN, CAN A PERSON REQUEST AN EARNINGS STATEMENT ONLINE?
>> YES.
AGAIN, YOU CAN GO TO SOCIAL SECURITY.GOV AND REQUEST THE
STATEMENT DIRECTLY ONLINE.
IT'S NOT GOING TO SHOW UP ON YOUR WEBSITE,
ON YOUR COMPUTER'S MONITOR OR SCREEN.
IT'S GOING TO COME TO YOU IN THE MAIL.
YOU CAN REQUEST IT ONLINE OR THROUGH YOUR 800 NUMBER AND THEN
YOU WILL GET AN UPDATED COPY IN THE MAIL.
>> OKAY, A USER ON TWITTER WANTS TO KNOW IF I BECAME DISABLED
PRIOR TO RETIREMENT AGE, HAVE 40 CREDITS BUT HAVEN'T WORKED
RECENTLY, AM I STILL ELIGIBLE FOR DISABILITY?
>> OKAY.
IF I UNDERSTAND THAT QUESTION RIGHT YOU'RE ASKING IS IT
POSSIBLE TO BE ELIGIBLE FOR RETIREMENT AND DISABILITY?
AND THE WAY THAT WORKS, A LOT OF PEOPLE DON'T REALIZE THIS,
YOU CAN'T ACTUALLY FILE AN APPLICATION FOR RETIREMENT AND
DISABILITY AT THE SAME TIME.
THIS ISN'T OF COURSE APPLYING TO THE STUDENT WE HAVE ONLINE,
BUT MAYBE YOU'RE ASKING FOR A PARENT OR GRANDPARENT.
IT IS POSSIBLE TO APPLY FOR RETIREMENT AND DISABILITY AT THE
SAME TIME IF YOU ARE RETIREMENT AGE.
WHAT WOULD HAPPEN, YOU WOULD GO AHEAD AND START RECEIVING YOUR
RETIREMENT BENEFIT WHILE THAT STATE AGENCY I MENTIONED,
DDS THE DISABILITY DETERMINATION SERVICE,
IS SENDING OUT THOSE MEDICAL RELEASE FORMS AND GETTING ALL
YOUR RECORDS IN AND SO THEY CAN MAKE THAT DISABILITY DECISION.
IF THEY DETERMINE THAT YOU ARE ELIGIBLE FOR DISABILITY,
AND YOU'RE ALREADY GETTING RETIREMENT, EARLY RETIREMENT,
SAY YOU TOOK THE RETIREMENT OF COURSE,
WOULD HAVE TO START BEFORE FULL RETIREMENT AGE,
IF THEY SAY YOU'RE APPROVED FOR DISABILITY YOUR PAYMENT AMOUNT
WOULD GO UP TO THE DISABILITY AMOUNT.
IF THEY SAY YOU'RE DENIED, YOU HAVEN'T LOST ANYTHING BECAUSE
YOU WOULD JUST STAY ON RETIREMENT.
>> OKAY.
AND WHILE WE WAIT FOR A COUPLE MORE MINUTES FOR ANY OTHER
QUESTIONS WE HAVE COME IN, HERE'S ONE THAT WE JUST WANT TO
MAKE SURE THAT WE ARE CLEAR ON, AN INDIVIDUAL EARLIER THIS WEEK
ASKED IS IT TRUE THAT THE RETIREMENT BENEFITS AGE TO START
YOUR BENEFITS IS 62?
>> YES, IT DOESN'T MATTER WHEN YOU WERE BORN,
IF YOU WANT TO TAKE EARLY RETIREMENT BENEFITS,
THAT AGE IS STILL 62 FOR EVERYONE.
NOW WHAT YOU MAY BE THINKING ABOUT IS THE FULL RETIREMENT AGE
FOR SOCIAL SECURITY, WHICH IS THE POINT WHERE IF YOU WAIT
UNTIL THEN TO APPLY, YOU GET YOUR FULL 100%,
UNREDUCED RETIREMENT CHECK.
AND AGAIN, FOR YOU THAT'S SOMEWHERE BETWEEN 65 AND 67
DEPENDING ON WHEN YOU WERE BORN.
THE LINK FOR THAT AGAIN IS SOCIAL SECURITY.GOV/RETIREMENT,
JUST FIND THAT DROPDOWN BOX AND CLICK ON THE YEAR OR RANGE OF
YEARS YOU WERE BORN IN, AND IT WILL TELL YOU WHAT YOUR FULL
RETIREMENT AGE IS.
AND THEN AGAIN, IF YOU THINK BACK TO WHAT WE TALKED ABOUT
EARLIER IN THE WEBINAR, FOR EVERY MONTH YOU TAKE IT EARLY,
IT'S REDUCED A LITTLE BIT.
FOR EVERY MONTH YOU WAIT, IT GOES UP A LITTLE BIT,
YOU HAVE THE DECISION TO MAKE BASED ON CURRENT LAW,
THE WAY IT WORKS THAT YOU CAN APPLY ANYWHERE FROM 62 TO 70.
THE EARLIER YOU TAKE IT, OF COURSE, THE LOWER THE BENEFIT,
THE LATER YOU WAIT, THE HIGHER THE BENEFIT.
>> OKAY.
AND FOR OUR LAST QUESTION WE HAVE A VIEWER WHO WANTS TO KNOW
IF THEIR PARENT DIES, ARE THEY ELIGIBLE FOR BENEFITS FROM
SOCIAL SECURITY?
>> WE WOULD REALLY NEED TO KNOW HOW OLD YOU ARE TO ANSWER THAT
QUESTION.
SURVIVOR BENEFITS FOR SOCIAL SECURITY THEY ARE A FORM -- WHAT
WE ARE TALKING ABOUT IN THIS SCENARIO -- THEY ARE A FORM OF
CHILDREN'S BENEFITS.
SO IF A PARENT PASSES AWAY, IF YOUR PARENT,
ONE OF YOUR PARENTS PASSED AWAY AND YOU WERE UNDER AGE 18,
THEN YES, THERE'S A GOOD CHANCE YOU WOULD BE ABLE TO GET A
BENEFIT FROM SOCIAL SECURITY BASED ON HOW MUCH YOUR MOM OR
DAD PAID INTO THE SYSTEM OVER THEIR WORKING YEARS.
IF YOU'RE OVER 18, YOU'RE NOT IN HIGH SCHOOL ANYMORE AND YOU'RE
NOT DISABLED, THEN THERE WOULDN'T BE ANY SOCIAL SECURITY
CHILDREN'S BENEFITS THAT WOULD BE ABLE TO BE PAID TO YOU AS A
SURVIVOR.
BUT AGAIN, WHAT YOU WANT TO DO, GO TO SOCIAL SECURITY.GOV AND
CLICK ON THE SURVIVOR'S LINK AT THE TOP OF THE PAGE,
OR GO TO SOCIAL SECURITY.GOV/PLANNERS,
AND WE DO HAVE A SURVIVOR'S PLANNER THERE WHICH WILL GIVE
YOU PROBABLY EXACTLY WHAT YOU'RE LOOKING FOR.
AND FOR OUR VERY LAST QUESTION WE HAVE,
CAN SOCIAL SECURITY BENEFITS BE TAXED?
>> I KNEW WE WOULDN'T GET OUT OF THIS PRESENTATION WITHOUT A TAX
QUESTION.
THAT ACTUALLY GOES MORE TO THE IRS.
THAT FALLS UNDER THEIR JURISDICTION.
WE DO HAVE SOME BASIC TAX INFORMATION ON OUR WEBSITE.
IF YOU GO TO OUR FREQUENTLY ASKED QUESTIONS WHICH ARE AT
THE LINK SOCIAL SECURITY.GOV/ASK, A-S-K,
JUST REMEMBER IF YOU HAVE A QUESTION, JUST ASK,
IF YOU GO TO SOCIAL SECURITY.GOV/ASK AND JUST TYPE
IN THE WORD TAXES YOU'LL GET SOME INFORMATION ON THAT.
AND IF YOU GO TO THE MAIN PAGE AND GO TO THE SEARCH BOX,
JUST TYPE IN THE WORD TAXES AND THAT WILL TAKE YOU TO THE TAX
PART OF THE RETIREMENT PLANNER.
ALL RIGHT.
SO THANK YOU SO MUCH FOR WATCHING!
WE REALLY HOPE THAT YOU FOUND THIS INFORMATION HELPFUL,
AND WE HOPE THAT YOU REALIZE THERE IS SOMETHING FOR YOU AT
SOCIAL SECURITY.
PLEASE SHARE THIS INFORMATION WITH YOUR FRIENDS AND FAMILY
AND LET THEM KNOW THAT WE ARE ALSO ON TWITTER,
FACEBOOK AND YOUTUBE.
YOU CAN ALSO VISIT OUR OPEN GOVERNMENT WEBSITE AT
SOCIALSECURITY.GOV/OPEN FOR MORE INFORMATION AND
FUTURE DIALOGUES.
AND WE WANT TO LET YOU KNOW THAT OPEN GOVERNMENT DOESN'T JUST
MEAN DATA SHARING, IT'S ABOUT TELLING YOU WHAT YOUR GOVERNMENT
DOES ON YOUR BEHALF AND IT'S ABOUT HEARING FROM YOU,
SO YOU CAN TELL US WHAT YOU WANT.
OPEN GOVERNMENT WILL ONLY SURVIVE IF YOU ENGAGE.
WE NEED TO HEAR FROM YOU.
THIS WEBINAR REALLY IS JUST THE BEGINNING,
THIS IS NOT A BROADCAST, THIS IS ENGAGEMENT.
SO IF YOU HAVE AN OPINION, MAKE YOUR VOICE HEARD.
CONTACT US THROUGH OUR SOCIAL MEDIA PROFILES,
AND PLEASE TAKE A MINUTE TO FILL OUT OUR SHORT SURVEY.
WE LOOK FORWARD TO MORE CONVERSATIONS WITH YOU.
FOR THE SOCIAL SECURITY ADMINISTRATION,
I'M BRIAN SIMPSON.
THANKS FOR CHECKING OUT THIS WEBINAR.