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Like an annuity or something? A guaranteed amount of money at 66 years of age or something?

Art


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Now the questions are getting harder. Yes, but the amount is unique to you and reflects your specific earnings history over your working years. It is based on your quarterly earnings for the 40 highest quarters in your work history. And it is the amount you are eligible for at your FRA <grin... FRA is full retirement age> which varies based on your birth year. Also the amount you receive is adjusted up or down if you take it earlier or later than your FRA.

And getting back to guarantees, all of this is subject to change by the congress weasels who endeavor to run our lives.

Simple huh.
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