[tag]Social Security[/tag] benefits are typically computed using “[tag]average indexed monthly earnings[/tag] (AIME).” This average is essentially the 35 highest years of earnings indexed to the present by wage growth. A formula is applied to this average to compute the primary insurance amount (PIA). The PIA is the basis for the social security benefits that are paid to an individual.

Social tagging: reverse mortgage terms

A Few More Related Articles of Interest:

PIA-Primary Insurance Amount

HECM Interest Rates (12/11/06)

HECM Rates Rise Slightly

Reverse Mortgages vs Delayed Social Security

Rates on HECM Reverse Mortgages Edge Higher