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Will your retirement and social security be taken after foreclosure?
Wiki User
∙ 16y ago
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 FEDERAL DEBT SUCH AS TAXES LIENS ETC... SORRY DONT KNOW ABOUT RETIREMENT BECAUSE IT DEPENDS ON WHAT KIND OF RETIRMENT YOU HAVE SET UP.
Wiki User
∙ 16y ago
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What benefits did the social security act provide to ensure peopplees economic well being?
The social security act gave and still gives people money for retirement when they reach the age of 67. Many people who work low paying jobs then and now don't pay into a retirement plan. So social security makes up for that with money taken out of their pay checks for 40 quarters and then paid back to them for retirement.
Where do senior citizens funding come from?
People have worked and paid into the social security system or retirement account from their pay checks. They are getting back what they paid. When you start working you too will have social security taken out of your pay.
When and how do you expect social security to be beneficial to you?
Social security provides a bases for which many hard working seniors can finally leave there job and have a secure income on which to rely upon. Though social security has taken small increments of a person's paycheck monthly, it provides a safety net for retirement. In addition to giving benefits for retirement, it also gives benefits for disability and to families whose working member has died or become disabled. This is beneficial as it helps these families survive.
Are taxes taken out of social security before you receive it?
are taxes taken out of socisl security checksbefore recievingthem
Will I lose my retirement accounts or payments from social security if I file for bankruptcy?
Generally, no. Retirement accounts that are ERISA-qualified aren't considered property of an estate and cannot be taken. Social Security benefits are generally protected from assignment, or garnishment for debts in bankruptcy. The Social Security Administration's responsibility for protecting benefits against legal process and assignment usually ends when the beneficiary is paid. Once paid, the benefits continue to be protected only as long as they can be identified as Social Security benefits. For example, money in a bank account where the "only" deposits into the account are direct deposits of Social Security benefits are "identifiable" and generally protected.
Should Workman's compensation use your Social Security as offset for their payments?
If Social Security is a Constitutionally, Legal, Federal Government Program the answer is no. If Social Security is an unConstitutional, Federal Government Program the answer is still no. Money was taken from the workers wages by the Federal Government which promised to return the money at retirement, or in case of a debilitating injury. Legal or not legal, to take a mans money from him without his expressed permission is robbery. Workman's Compensation, by taking a workers Social Security wages, is guilty of theft if Social Security is Constitutional, or guilty of accessory to theft if Social Security is unConstitutional.
Are Social Security taxes taken out before or after taxes?
Social Security (FICA) taxes are withheld from your gross (before tax) salary.
Will your social security disability be taken away if you when you start medicare?
no, absolutely not
Can your mortgage lender sell you a home they own?
Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.
Is property in foreclosure still considered property of estate?
Yes, until the foreclosure has been completed and the lender has taken possession of the property.Yes, until the foreclosure has been completed and the lender has taken possession of the property.Yes, until the foreclosure has been completed and the lender has taken possession of the property.Yes, until the foreclosure has been completed and the lender has taken possession of the property.
Survivor social security benefits At what age can a widow with no dependents receive social security benefuts?
At age 60, or at age 50 if Social Security also finds them disabled. They are reduced benefits if taken early.
Do you need Social Security tax taken out of your paycheck?
If you're asking whether paying social security tax is mandatory, the answer for most people is yes.
