Are Social Security survivor benefits automatically handled?
RSP does not automatically handle Social Security benefits for survivors. You must manually enter the benefit, in current dollars, on the survivor’s detailed worksheet (FirstDetails or SecondDetails). Enter these numbers only in those cells of the Social Security Income column that correspond to the years after the other party is assumed to die. ( 11/15/02 ) My company contributes x% of my income to my 401-K no matter what I contribute. Explain how to model this. • Enter the amount of money the employee contributes to his/her 401-K and set the 401-K Company Match to 0% on the worksheet ClientCashFlows. • Type in the formula =CurRA1Savings + 0.06 * CurEarnings in each element in the Profit Sharing column before age of retirement on the worksheet FirstDetails. Remember to replace 0.06 with the correct value of x%. • Make sure to use the same investment accounts for Profit Sharing and for 401-K on the worksheet CurrentPortfolio. Remember to split in half the 401-K 2001 Year-end Balance fo
Related Questions
- If I am approved for State Disability Income (SDI) or Social Security Disability Income (SSDI) benefits, am I automatically entitled to disability benefits under my private disability plan?
- Are Social Security survivor benefits automatically handled?
- Can a child collect survivor Social Security benefits?
