Understanding Social Security is designed to provide a deeper understanding of what type of benefits are payable under Social Security, how benefits are calculated, who is eligible to receive benefits, what you should be doing in order to ensure that you get the benefits to which you are entitled, and what you may reasonably expect to pay in F.I.C.A taxes.
Most people have come to depend on their Social Security benefits as a major element of their disability and retirement planning. Sadly, many people do not understand the program in its entirety, and therefore lose significant amounts of money in the process. Social Security is but one part of a well-balanced plan of benefits for oneself and one’s family.
Benefits discussed will focus on those that accrue to workers, spouses, children, parents, and other beneficiaries who have paid into the FICA tax system.
A thorough understanding of Retirement Disability and Survivor Benefits will be discussed along with when and how to file for benefits.
Social Security is a major factor when integrating it with one’s personal savings, corporate pensions, and insurance benefits. It is a major element to provide safety for self and family. Maximizing benefits and understanding how to get the most out of the system is paramount to everyone.