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Social Security Benefits

What are they?

Your Paycheck

When you get a job – you might ask WHY so much of it goes into social security?? If you are paid in cash – there is no record of you working, which means you aren’t getting any credit that will go towards your retirement.

Check out the benefits of Social Security

Retirement Income

Social Security is based on the plan that while you work you pay taxes into the Social Security system. So that when you retire you will be eligible to collect an income.

Remember that Social Security is meant to supplement your retirement income and not be your only source of retirement income.  It is never too early to start planning for your retirement.

Disabled People

If you can't work because you have a disability, you are essentially forced into retirement. Unfortunately this is probably not the type of retirement that you were planning on.

Social Security Disability insurance pays you monthly benefits if you have paid enough FICA taxes and you are not able to work for a year or more due to your disability. Even if you are under the age of 65, Social Security Disability allows you to receive Medicare.

Social Security disability benefits can be paid to you at any age if you have worked long enough and you have a severe physical disability or mental impairment that prevents you from working for a year or more or if you have a medical condition that is expected to result in your death.

Survivor Benefits

If a spouse has a died the surviving spouse will receive financial assistance..

Dependent children – if a parent dies, the child will receive benefits up to age 18 or 19 if still in high school.

Medicare

Medicare is a United States Federal Government health insurance program that was established for people age 65 or older, people under the age of 65 with certain disabilities, and people of all ages with End-Stage Renal Disease (ESRD - permanent kidney failure requiring dialysis or a transplant).

To learn more…

http://www.whatissocialsecurity.net/articles/137229/What-Is-Social-Security