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How does Social Security help retired people?

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It is a supplement, along with other savings and assets to provide the retiree with sufficient funds to live comparatively comfortably after their working years, when they are no longer able physically, mentally, or emotionally to compete in the marketplace.
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Will your retirement and social security be taken after foreclosure?

  NO YOUR SOCIAL SECURITY WILL NOT BE TAKEN AFTER A FORECLOSURE. THE ONLY TIME SSI CAN BE GARNISHED OR TAKEN AWAY IS IF YOU HAVE CHILD SUPPORT THATS BEHIND OR YOU OWE A FE

How does social security retirement get its funding?

Legal businesses who employ individuals for work in exchange for money in the USA have a tax ID number that is unique and attached to all finances which is on file by the Inte

How does social security fit into retirement plan?

For the future at this time in life August 7 2010 Who knows what the future will be for the social security system. So you should make your plans about the social security ben

Do you pay Social Security taxes after retirement?

Yes, unfortunately this is the case. It's a pro-rated amount after your AGI exceeds a certain threshold. The generally increased per year so you can check the IRS web page or

Can Social Security stop your retirement benefits?

I was getting partial retirement benefit since 2010, but I did not get paid in 2011 from Sept 2011 to December 2011, they paid me 769. in the month of Jan 2012 after that they

How much will your Social Security payment be when you retire?

Every year, I get a statement... the total monthly draw will depend on how much you've earned over the total life of your work history. At least, that's how it currently works

When can you receive your social security retirement benefits?

You can receive social security benfits at the age of 65 or if you were born after 1959, 67. This is said to possibly increase with the increasing number of older individuals

Is social security a good source for retirement?

No. Social Security is not a good source of income for retirement. Many people planning to just live on Social Security discover they must return to work. You will find 80 yea

Can you retire and draw social security at 55?

No, the earliest you can collect Social Security retirement benefits is age 62. While you may be able to retire at age 55, you will need to have other resources to draw from u