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Social Security was not designed to be as long standing as it has been. It is best to prepare for your own retirement. You can do this by getting a 401K plan, IRA, or purchasing bonds and having high interest CDs.

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12y ago

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Related Questions

Why did social security start?

because of retirement funds


can social sercurity and union retirement funds be attached by a judgement?

Social Security benefits cannot be attached by a judgement.


What day of the month the funds is deposit on the direct express card for social security retirement?

Depends on what day is your birthday- can be the 2nd, 3rd or 4th Wednesday of the month.


Can a creditor freeze your bank account although im on social security?

Social Security funds are protected against a lien on your checking account. However you will have to prove that the funds in your account are from Social Security. If there are other funds "commingled" then unprotected funds may be seized


Who funds social security?

we do from working.


Can collection agencies freeze bank accounts containing social security and retirement funds?

Collection agencies can not freeze anything. Only courts can freeze bank accounts.


How do you collapse your social security trust account?

You cannot collapse your Social Security trust account. Social Security is a government-administered program that provides retirement, disability, and survivor benefits to eligible individuals based on their work history and contributions. The funds in your Social Security account are used to pay benefits to current beneficiaries and will be available to you when you become eligible to receive benefits.


Can Va take percent of Social Sec funds?

No, the Department of Veterans Affairs (VA) cannot take a percentage of Social Security funds. Social Security benefits and VA benefits are separate and administered by different government agencies. VA benefits are based on military service and disabilities, while Social Security benefits are provided to individuals who have paid into the Social Security system through employment.


Is Social Security receiving additional funds?

Yes, Social Security is receiving additional funds through payroll taxes collected from workers and employers.


Medicare funds are collected by?

social security adminisration


What happened in the 80s that caused an upheaval in the social security system?

In the 1980's there was an upheaval in the Social Security system in the United States because funds were actually dwindling. Laws were passed to tax Social Security benefits and actually raise the age of retirement.


Medicare funds are collected by what?

social security adminisration