https://retirementplanningscottsdale.com/2019/03/08/anil-vazirani-points-out-social-security-offers-a-special-minimum-benefit/Anil Vazirani points out Social Security offers a special minimum benefit
Social Security offers a special minimum benefit to enable certain low-income workers to receive a higher benefit than what the traditional formula would allow, according to an article from Fox Business, per Lee Conrad of Financial Planning on March 5, 2019.
To qualify for the special minimum benefit, clients should have reported a minimum amount for at least 11 years. This amount is adjusted yearly for inflation. For example, workers would get credit for the special minimum benefit this year if their annual income reaches $14,805.
Read more: https://www.financial-planning.com/news/does-social-security-still-have-a-minimum-benefit
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