A lot of us spend years dreaming of retirement, but we don’t necessarily know what that entails as far as what type of benefits we are going to have. Most of us are going to have social security benefits, and for so many, this is a large part of their income. It is important to understand the social security program because a lot of people go into it, not getting the amount they should be getting.
Key Takeaways:
- Most of us think about retirement from early on, but don’t think about social security.
- Social security is something that people hugely rely on when they retire, nine out of ten people in fact.
- Social security is based on your own earnings or it is based on your spouses earnings.
“Among elderly recipients, 50% of married couples and 70% of unmarried people receive at least half of their income from Social Security.”
Read more: https://www.simplywise.com/blog/social-security-retirement-benefits/
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