NSSA Exam 2025 | National Social Security
Advisor Exam | Questions and Correct
Answers (Detailed Answers) | Brand New
Version!
Define FRA ---------CORRECT ANSWER-----------------the age you can start earning
100% of your earnings (before its reduced, after its increased)
What is the PIA? ---------CORRECT ANSWER-----------------Primary Insurance
Amount. How much you earn per month at FRA (not early and not delayed, its
100% of your benefits) This is what the reduction or increase is based on.
Your PIA calculation is based off of your highest ___ years of earnings ---------
CORRECT ANSWER-----------------35
What is wage indexing? ---------CORRECT ANSWER-----------------EARNINGS ARE
INDEXED FOR INFLATION THROUGH AGE 59. After age 60 it's not indexed.
The SSA looks at your past wages and adjusts them to today's standards. They do
this by looking at the average wage today vs the year they are comparing.
Essentially adjusts for COLA.
An individuals earnings are always indexed to the average wage level 2 YEARS
PRIOR to the year of first eligibility. A person retiring at age 62 in 2022, their
,earngins would be indexed to the average wage for 2020. Earnings in 2020 and
later would be taken at face value.
What is AIME? How do you calculate AIME? ---------CORRECT ANSWER----------------
-Your Average Indexed Monthly Earnings. NOT what you actually earn a month.
We have to calculate bend points after this.
First take actual earnings and index them into todays dollars.
Add together the highest 35 years
divide by 35... divide by 12
How many months is a full reduction? If you have the PIA, what do you multiply it
by to find the full reduction? ---------CORRECT ANSWER-----------------60 months (if
starting benefits at age 62) or 70% of what they would have earned. So multiply
PIA by .7
If you're born on the 9th of the month, when is your benefit paid? ---------
CORRECT ANSWER-----------------the 2nd wednesday of the month
if you're born on the 15th of the month, when is your benefit paid? ---------
CORRECT ANSWER-----------------the 3rd wednesday of the month
, if you're born on the 23rd of the month, when is your benefit paid? ---------
CORRECT ANSWER-----------------the 4th wednesday of the month
Can earnings after FRA be included in the AIME calculation? ---------CORRECT
ANSWER-----------------yes, it's a rolling computation. Even if you're age 80, they
will check if your new earnings are higher than your lowest earnings.
What age must you be to begin taking spousal benefits ---------CORRECT ANSWER-
----------------62, OR, any age and caring for a child entitled to receive benefits on
your spouse's record and who is younger than age 16 or disabled.
How long must you be married to get spousal benefits? ---------CORRECT ANSWER-
----------------12months, and your partner must be collecting benefits for you to
receive the spousal benefit.
How much is the spousal benefit? ---------CORRECT ANSWER-----------------one half
of the PIA
What are 4 rules to collecting divorce benefits? ---------CORRECT ANSWER-----------
------You must still be single
must be 62 years old
had a 10 yr marriage
Advisor Exam | Questions and Correct
Answers (Detailed Answers) | Brand New
Version!
Define FRA ---------CORRECT ANSWER-----------------the age you can start earning
100% of your earnings (before its reduced, after its increased)
What is the PIA? ---------CORRECT ANSWER-----------------Primary Insurance
Amount. How much you earn per month at FRA (not early and not delayed, its
100% of your benefits) This is what the reduction or increase is based on.
Your PIA calculation is based off of your highest ___ years of earnings ---------
CORRECT ANSWER-----------------35
What is wage indexing? ---------CORRECT ANSWER-----------------EARNINGS ARE
INDEXED FOR INFLATION THROUGH AGE 59. After age 60 it's not indexed.
The SSA looks at your past wages and adjusts them to today's standards. They do
this by looking at the average wage today vs the year they are comparing.
Essentially adjusts for COLA.
An individuals earnings are always indexed to the average wage level 2 YEARS
PRIOR to the year of first eligibility. A person retiring at age 62 in 2022, their
,earngins would be indexed to the average wage for 2020. Earnings in 2020 and
later would be taken at face value.
What is AIME? How do you calculate AIME? ---------CORRECT ANSWER----------------
-Your Average Indexed Monthly Earnings. NOT what you actually earn a month.
We have to calculate bend points after this.
First take actual earnings and index them into todays dollars.
Add together the highest 35 years
divide by 35... divide by 12
How many months is a full reduction? If you have the PIA, what do you multiply it
by to find the full reduction? ---------CORRECT ANSWER-----------------60 months (if
starting benefits at age 62) or 70% of what they would have earned. So multiply
PIA by .7
If you're born on the 9th of the month, when is your benefit paid? ---------
CORRECT ANSWER-----------------the 2nd wednesday of the month
if you're born on the 15th of the month, when is your benefit paid? ---------
CORRECT ANSWER-----------------the 3rd wednesday of the month
, if you're born on the 23rd of the month, when is your benefit paid? ---------
CORRECT ANSWER-----------------the 4th wednesday of the month
Can earnings after FRA be included in the AIME calculation? ---------CORRECT
ANSWER-----------------yes, it's a rolling computation. Even if you're age 80, they
will check if your new earnings are higher than your lowest earnings.
What age must you be to begin taking spousal benefits ---------CORRECT ANSWER-
----------------62, OR, any age and caring for a child entitled to receive benefits on
your spouse's record and who is younger than age 16 or disabled.
How long must you be married to get spousal benefits? ---------CORRECT ANSWER-
----------------12months, and your partner must be collecting benefits for you to
receive the spousal benefit.
How much is the spousal benefit? ---------CORRECT ANSWER-----------------one half
of the PIA
What are 4 rules to collecting divorce benefits? ---------CORRECT ANSWER-----------
------You must still be single
must be 62 years old
had a 10 yr marriage
