Chapter 3 - TOOLS & TECHNIQUES OF EMPLOYEE BENEFIT AND...

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9th Edition College Course Materials Deanna L. Sharpe, Ph.D., CFP®, CRPC®, CRPS® Associate Professor CFP® Program Director Personal Financial Planning Department University of Missouri-Columbia Please Note : Correct answers for each question are indicated in bold type. After each question, the number of the page containing information relevant to answering the question is given. When a calculation is necessary or the reasoning behind a given answer may be unclear, a brief rationale for the correct answer is also given. Part A: Retirement Planning Government Benefits Chapter 3: Social Security True/False 3.1 A worker is currently insured under Social Security if he or she has acquired at least six quarters of coverage during the full 13-quarter period ending with the calendar quarter in which she or she died or became eligible for disability or retirement benefits. 3.2 Workers who continue their employment between age 65 and 70 receive an increase in Social Security retirement benefits. 3.3 Remarriage of a surviving spouse does not affect receipt of a mother’s or father’s benefit from Social Security as long as the surviving spouse is caring for their own or adopted child
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Chapter 3 - TOOLS & TECHNIQUES OF EMPLOYEE BENEFIT AND...

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