The coronavirus pandemic is having a profound effect on the current U.S. economy, and it may have a detrimental effect on Social Security’s long-term financial situation. High unemployment rates mean Social Security shortfalls could begin earlier than projected. Social Security retirement benefits are financed primarily through dedicated payroll taxes paid by workers and their employers, …
Tag: Social Security retirement benefits
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Jan 11 2021
Four Questions to Help You Plan Your Retirement
Social Security benefits are part of the retirement plan of almost every American worker. If you’re among the many people covered under Social Security, you should know what your future benefit may be. These monthly payments may be a vital part of your retirement income. We base your benefit payment on how much you earned …
Permanent link to this article: https://www.50plusmarketplacenews.com/377601/social-security-today/four-questions-to-help-you-plan-your-retirement