The Social Security Administration has several benefit calculators available on its Web site. The “Quick Calculator” will give you a rough estimate of your retirement benefits. Benefit estimates depend on your date of birth and earnings history. For security purposes, the calculator will not access your actual earnings record to obtain your past earnings. Instead, the calculator will estimate your earnings based on the information you provide. Although the calculator makes an initial assumption about your past earnings, you can change the assumed earnings after you complete and submit the form. You must enter the day of your birth, actual or estimated earnings for the current year, and your future retirement date (optional). The site can be accessed at socialsecurity.gov/OACT/quickcalc/. Using the “Quick Calculator,” estimate your Social Security retirement benefits.
Answer to relevant QuestionsAssume that the chance of loss is 3 percent for two different fleets of trucks. Explain how it is possible that objective risk for both fleets can be different even though the chance of loss is identical.a. Briefly explain each of the following risk-control techniques for managing risk:1. Avoidance2. Loss prevention3. Loss reductionb. Briefly explain each of the following risk-financing techniques for managing risk:1. ...a. Private insurers provide social and economic benefits to society. Explain the following benefits of insurance to society.(1) Indemnification for loss (2) Enhancement of credit (3) Source of funds for capital investment ...Explain the meaning of imputed negligence.Explain how personal liability insurance can be added to a dwelling policy.
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