Social Security benefits are determined by your 35 years of earnings, not by the taxes you paid. These benefits are paid for life and may extend to a survivor. The SSA calculates your benefits using your highest 35-year earnings and adjusts them for wage growth. Millions of people receive SS benefits as dependents or spouses, and the system includes provisions for divorced spouses and children.
Tag: FICA
There is an easy fix to assure Social Security is solvent …perpetually
Social Security was designed to provide a floor income. It was never intended to be the primary source of income. Nevertheless, human nature being what
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