Federal income tax
is there a limit as to how much money a person on social security can accumulate
No, you cannot use a social security card to withdraw money. A social security card may be useful if you want to open a bank account, though, and you can withdraw money from that.
Not likely. Most insurers, if they know that they are on social security benefits, would not loan the money to them.
Yes, social security money can be claimed from a deceased father after one year.
Social Security has been in trouble for years and years, I will never see my money, this I know.
Reagan started taxing Social Security in 1984 up to 50%. Clinton raised it to up to 85% around 1993.
Social security will provide plenty of money for most retirements.
You can make as much money as you want if you are on Social Security. If you are younger than a specified age, your Social Security payment will be reduced by a fraction of the money you make that is greater than a set amount (one dollar for every three dollars you make over that amount). But the result is always that you have more money than you would if you were on Social Security alone.
yes
Thats where the money comes from to pay you social security.
You cannot access your social security entitlement until you are eligible to collect social security. Then the people who are working will fund your entitlement.
The only way to access Social Security money early is to retire early, but within the restrictions of the Social Security System. If you do that, your monthly payments will be smaller than if you retired at the "normal" time or later.