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Yes you can use the SSB amounts that you receive each month to pay your debts and any thing else that you want to pay.
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Did President Clinton pay off the National Debt using the Social Security Fund?
Yes
Does consolidating debt loan help improve your credit score?
A debt consolidation does absolutely nothing to improve your credit score. Consolidating debt causes you to simply borrow more money to pay off old debts.
How can one pay off student credit card debt?
There are many ways to pay off student credit card debt. Some of the ways to pay off credit card debt are borrow against life insurance, get a home equity loan, renegotiate the term with a creditor and many more.
What is the total national debt of the United States?
Currently over $9.6 trillion. Keep in mind that the "total national debt" = "total public debt" + "total intergovernmental debt". Often when you hear that the "national debt" has been decreased (i.e. during the Clinton years), they mean only that the "total public debt" has been decreased, which is the amount of government-issue debt held by the public. HOWEVER, the other component of the "total national debt", "total intergovernmental debt", is just as important - it is the amount of money the government borrows from itself to pay off public debt. This is what is contributing to the future meltdown of the social security system: the government borrows from current social security surpluses (that are the result of all the baby boomers still paying social security taxes and not retiring and receiving benefits yet), and uses these borrowings to reduce its "public debt". BUT, when baby boomers start retiring and the social security system starts owing much more money than it is taking in, that money will not be in the social security vault because the government used it to pay off its public debt. Barring a MAJOR reform before this happens, this will result in either a) massive, massive tax increases to fund these social security obligations, b) massive amounts of money being borrowed, resulting in a likely $10-40 TRILLION increase in the national debt over the next 20-40 years, or c) these obligations not being met. This is why if you are under 40 you should hate the AARP... you hear nothing about this crisis in the election talk, but even if you end up having to pay 50-60% income tax twenty years down the road so your parents' generation can comfortably retire, your generation will still face a huge shortfall in your social security that it will have to somehow account for down the line. FORM AN AAYP (American Association of Young People) ASAP, you are being cruelly and recklessly taken advantage of by the preceding generation.
Can you get soicial security off your dad if he was in the army and retired?
Military personnel do not pay FICA and are not eligible for Social Security unless they have at least 40 credits of civilian work. The children of a Social Security beneficiary are eligible for Social Security only until age 18.
What is the difference between a debt card and a credit card?
The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.
You are on disability you were married at the time you started receiving disability are you able to draw off your ex-husbands social security?
You will need to check this with your local Social Security facility.
I was just lay off, not reason was given. It was a parttime job. I do receive social security. If I file for unemployment, what will happen to my social security?
In most states, California included, you can receive unemployment benefits while still receiving your full Social Security benefits.
if a person is on social security and wins lots of money is their social security cut off?
No, winning money would not automatically lead to the cutoff of Social Security benefits. However, there are income and asset limits that may affect the Social Security benefits a person receives. If the winnings, plus any other income or assets, exceed these limits, it could result in a reduction or loss of Social Security benefits. It is advised to consult with the Social Security Administration for specific details.
Where is the social security office in dallas county Iowa?
off of 635 and lake June
Can you still draw your social security off of your daddy if you are 18 still in school and you get marriage?
No!
Can a wife draw off her husbands social security while still married?
yes!
