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NSSA (National Social Security
Advisor) Exam with Verified
Questions and Answers: Covering
Retirement, Disability, Spousal &
Survivor Benefits – Graded A+
What year did you have to be born before to be able to apply for a restricted application? - ANSWER-
1/1/1954
What year was Social Security created? - ANSWER-1935
Who received the first SS payment? - ANSWER-Ida May
What year was the COLA adjustment added? - ANSWER-1972
What year did SS become taxable? - ANSWER-1980
What CPI is used for COLA adjustments? How is it calculated? - ANSWER-CPI-W, you look at in inflation
in the previous 3rd quarter vs current 3rd quarter. It's automatically adjusted. The largest part is housing
(30% of the index)
What CPI index might they move to in the future? - ANSWER-CPI-E (elderly). It's still experimental
How far back can you get backpay? - ANSWER-6 months
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How many credits can you earn a year? How much do you have to earn to earn 1 credit? Does it matter
what time of the year you earned the money? - ANSWER-4 credits. $1730=1 credit
Doesn't mater when you earned the money, you just have to be alive at the start of the quarter to earn
the credit.
If you're born on the 2nd of the month you get a ___ month reduction - ANSWER-48 month
If you're birthday starts any day but the 2nd, what day do your benefits start? - ANSWER-On the first of
the following month
Do you have to apply to SS or do you automatically start receiving it? - ANSWER-You have to apply
If you are born on the 1-10th of the month when are you paid? - ANSWER-On the 2nd Wed of the month
If you are born on the 11-20th of the month when are you paid? - ANSWER-On the 3rd Wed of the
month
If you are born on the 20th-end of the month when are you paid? - ANSWER-4th Wed
each year you delay taking SS past retirement age, your benefit goes up by ____. When do you see the
increase reflected? - ANSWER-8%, it is reflected in the following year, unless you've reached age 70 then
the increase begins immediately.
What age is the breakeven point between early and waiting? - ANSWER-78
Are survivor benefits affected by the worker delaying or selecting early withdrawals? - ANSWER-yes
NSSA (National Social Security
Advisor) Exam with Verified
Questions and Answers: Covering
Retirement, Disability, Spousal &
Survivor Benefits – Graded A+
What year did you have to be born before to be able to apply for a restricted application? - ANSWER-
1/1/1954
What year was Social Security created? - ANSWER-1935
Who received the first SS payment? - ANSWER-Ida May
What year was the COLA adjustment added? - ANSWER-1972
What year did SS become taxable? - ANSWER-1980
What CPI is used for COLA adjustments? How is it calculated? - ANSWER-CPI-W, you look at in inflation
in the previous 3rd quarter vs current 3rd quarter. It's automatically adjusted. The largest part is housing
(30% of the index)
What CPI index might they move to in the future? - ANSWER-CPI-E (elderly). It's still experimental
How far back can you get backpay? - ANSWER-6 months
, 2|Page
How many credits can you earn a year? How much do you have to earn to earn 1 credit? Does it matter
what time of the year you earned the money? - ANSWER-4 credits. $1730=1 credit
Doesn't mater when you earned the money, you just have to be alive at the start of the quarter to earn
the credit.
If you're born on the 2nd of the month you get a ___ month reduction - ANSWER-48 month
If you're birthday starts any day but the 2nd, what day do your benefits start? - ANSWER-On the first of
the following month
Do you have to apply to SS or do you automatically start receiving it? - ANSWER-You have to apply
If you are born on the 1-10th of the month when are you paid? - ANSWER-On the 2nd Wed of the month
If you are born on the 11-20th of the month when are you paid? - ANSWER-On the 3rd Wed of the
month
If you are born on the 20th-end of the month when are you paid? - ANSWER-4th Wed
each year you delay taking SS past retirement age, your benefit goes up by ____. When do you see the
increase reflected? - ANSWER-8%, it is reflected in the following year, unless you've reached age 70 then
the increase begins immediately.
What age is the breakeven point between early and waiting? - ANSWER-78
Are survivor benefits affected by the worker delaying or selecting early withdrawals? - ANSWER-yes
