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The United States Social Security Administration ( SSA) [2] is an independent agency of the U.S. federal government that administers Social Security, a social insurance program consisting of retirement, disability and survivor benefits. To qualify for most of these benefits, most workers pay Social Security taxes on their earnings; the claimant ...
A recent government trustees report found that Social Security will be in financial peril within a decade if Congress takes no action. The program only has the funds to continue paying out 100% of ...
You can apply for Social Security benefits online, by phone at 1-800-772-1213 (TTY 1-800-325-0778), or in person at your local Social Security office (appointments are recommended). You should ...
The earliest you can claim Social Security benefits is age 62. In 2021, about 29 percent of newly retired workers claimed their retirement benefits at age 62, according to the Congressional ...
According to the SSA, if you work for an employer who doesn’t withhold Social Security taxes from your salary, any retirement or disability pension you get from that work can reduce your Social ...
As of December 2023, the average monthly check is $1,767.03, according to the SSA. Social Security is funded by a tax set by statute. Employees pay 6.2 percent of their income, up to the maximum ...
The Social Security Administration"my Social Security" portal allows you to apply for and manage all of your Social Security benefits online. See: Social Security Trust Funds Will Run Out Earlier...
Here are five things to keep an eye on: Earnings record: You should see a year-by-year earnings record on your statement that details how much income you earned each year you worked. Double-check ...
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