Calculating Social Security benefits by hand sounds like a horrible task! But it’s actually quite simple and can be done in just a few minutes if you know what to do. It’s also very important if you want to get an accurate estimate of what your Social Security benefits will look like in retirement. This video takes you through a very straightforward way to calculate your own Social Security benefits easily and accurately.
Several reasons to calculate your own Social Security benefits: if you plan on retiring early, if you expect a change in your income (up or down) in the future, or if you just want to double check the SSA to make sure they got your math right.
