Social Security benefits are a government-provided financial safety net. They help retired, disabled, and certain other eligible individuals maintain a basic standard of living. These benefits are funded through payroll taxes under the Federal Insurance Contributions Act (FICA). In this comprehensive guide, we’ll break down the essentials of Social Security benefits, making it easier for you to grasp and apply this knowledge. Whether you're nearing retirement, already retired, or just planning ahead, this article has something for you. The most well-known type of Social Security benefit is the retirement benefit. You can start claiming as early as age 62, but the longer you wait (up to age 70), the larger your monthly payments will be. For more info click here #COLA
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