In Part 5, from our Social Security Event earlier this year, Expert, Mr. Tom Clark, continued with the meat of Social Security, Retirement Benefits …. that Social Security Provides. Part 1 Here , Part 2 Here , Part 3 Here, Part 4 Here, and Direct Audio Here on our site for your viewing/listening pleasures:

Dispelling the myths…. (Was that too dramatic?) … Enjoy

After 40 Years of Teaching/Working as an Expert in Social Security Benefits … “Everything/Common knowledge I hear about how benefits are calculated is Wrong” … Says Clark
Retirement Benefit are based on your highest 35 years earnings – NOT YOUR LAST 3, 4 OR 5 – Break In – Cannot count the times we have read or heard that incorrect statement
Wage inflation adjustments are used to calculate your beginning benefit- not CPI (Consumer Price Index) which is used for the annual increase in monthly Social Security Benefits once commenced
Wage Inflation is much greater than CPI or we would not have had an increase in standard of living over the years
Starting monthly benefits being counted from the higher Wage Inflation calculations versus CPI means current/future Social Security Retirement beneficiaries will receive more than prior, older beneficiaries – Possibly an accidental inflated benefits mistake paying too much in the future, according to Clark
Earnings are Wage adjusted until age 60 – All post 60 earnings are included at regular value
Taking the highest 35 years, Wage inflated prior to 60 and actual benefit after 60 while still working will create your monthly Retirement Benefit

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Click Here for Direct Link to All Parts Audio Posted on our Special Social Security Page

Have a Great “Clarifying Social Security Retirement Benefit Calculations” Day!

Part 5 : Tom Clark, Social Security Expert, with Audio – Clarity on How Retirement Benefits are Earned – Dispelling likely incorrect information we have all heard!