This is an excerpt direct from the Social Security Website.
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The current Social Security system works like this: when you work, you pay taxes into Social Security.
The three biggest drivers of our current and future federal spending deficits are Medicare, Medicaid, and Social Security. All three programs are increasing faster than their revenues, and are not sustainable in their current form. 191 more words
If you are over 66 (and under 70) and not yet getting Social Security you can easily get a $15 – $25,000 loan from Social Security. 202 more words
Perhaps the most successful government program ever, Social Security was put in place as a form of “social insurance” in order to protect against people who’d worked their entire lives ending up in poverty in their old age. 2,256 more words
Today, President Obama announced that he will be proposing a draft rule from the Department of Labor that would require those offering retirement investment advice to serve as fiduciaries. 685 more words