When you look at your paycheck on a regular basis, you will find that there are a lot of things that you need to be able to consider in order to look at the big picture of things. One of those things is social security many people assume that it’s not for them, or that they are paying into something they will never get. But, there’s a lot to know here like the fact that the social security administration durham north carolina is helping the economy and not adding onto the debt we have.
At first, the law was written because FDR wanted something to benefit employees that the government could help with. Now, there have been many different changes out there that include people who have lost their parents prior to becoming adults (18 and under), and it also covers those that are disabled as well. While this wasn’t the original intention, it seemed to work for the things that they wanted to be able to do with the help of social security. It is continuing to expand, but there are some things that need to work out in order to make sure that it can continue to be funded well into the future.
Contrary to popular belief, you can still work and receive retirement Social Security benefits. The government has a salary threshold of around $35k per year, where you do not get penalized for working and receiving benefits. If you’re retirement age, it’s $1 lost per $3 extra; if you’re not, then it’s $1 lost per $2 extra. Retirement is a big part of what may be going on in regards to your investment in social security, and it’s definitely something that you need to keep an eye on in regards to working things out and seeing what can be done at the same time.