Description
The Old-Age, Survivor and Disability Insurance (OASDI),which for most Americans means Social Security, is the largest income-maintenance program in the United States. Based on social insurance principles, the program reaches almost every family, and at some point will touch the lives of nearly all Americans. Today, nearly one in six Americans receives a benefit from Social Security. This program can be the foundation of a well-designed retirement plan. And, for many Americans, their only retirement plan.
Learning Objectives
At the conclusion of this course, the student will be able to:
• Relate the history of the Social Security program;
• Describe the various OASDI programs and benefits;
• Determine eligibility requirements;
• Calculate OA retirement benefits;
• Utilize strategies to maximize benefits; and
• Apply the taxation rules on Social Security benefits.