It is 2019 and you are a single person who has reached the full benefits age...

It is 2019 and you are a single person who has reached the full benefits age for social security. your average indexed monthly earnings (aime) are $4,000. what is your primary insurance amount (PIA)? (you have to look up the bend points for 2019)

Expert Solution

Bend points for 2019 are $926, from $926 to $5,583 and over $5,583.

For an AIME of $4,000, PIA will be

90%*926 + 32%*(4,000 - 926) = 1,817.08. It is rounded to the next lower multiple of $0.10 so it will be 1,817.00

jeff jeffy answered 1 year ago

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It is 2019 and you are a single person who has reached the full benefits age...

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