Social Security Website Offers Tools for Retirement Planning
The Social Security Administration (SSA) oversees the Social Security program, ensuring the website's accuracy and earnings records. The website offers tools for users to check their income history, estimate future benefits, and plan their retirement strategy.
Social Security is funded through payroll tax, a portion of which is visible on paystubs. It is projected to be fully funded until 2033, after which adjustments may be necessary. Benefits can be received as early as age 62, but delaying can secure a higher monthly benefit.
The Social Security website provides a tutorial and allows users to see current estimates and calculate future benefits. Considering health status, family longevity, other income sources, and need are crucial factors when deciding when to file for benefits. Checking earnings history on the website also helps coordinate spousal strategy.
The SSA ensures the Social Security website's accuracy and provides tools for users to plan their retirement. Social Security, a government program providing fixed income for retirees, is funded through payroll tax and is projected to be fully funded until 2033. Users can check their earnings history and estimate future benefits on the website.
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