Sentences with phrase «into social security»

We have all paid into this social security since at least 1936.

I also think that if we went this route, we could possibly reduce the amount that goes into social security.

But despite the lower payout, as many as 4 in 10 future retirees over the age of 50 claim they'll tap into social security as soon as they can.

You make think that you're investing money from your paycheck each month into social security, but that is far from the truth.

Most financial advisers feel that should you decide to take this route, then the longer you wait to tap into social security the higher your benefits will be.

Employees pay into the system their entire federal and private sector careers unlike CSRS employees that don't pay into the Social Security system.

The largest chunk is in federal income taxes, which does not includes payments into the Social Security and Medicare systems.

When you pay into the Social Security fund, you aren't depositing your money into a governmental savings account.

Regardless, dipping into social security benefits should be the very last consideration you ponder.

Dipping into social security benefits is not smart to do unless you have done some serious number crunching first.

If you work for a religious organization that doesn't pay into the Social Security program, you must pay Social Security taxes if your earnings are more than $ 100 per year.

Before 1984, people who worked for nonprofit, religious, charitable or educational organizations did not pay into Social Security unless they specifically chose to take part in the program.

Anyone who pays into Social Security for at least 40 calendar quarters (10 years) is eligible for retirement benefits based on their earnings record.

Unless Congress promptly takes action, taxpayers will have to pump hundreds of billions of additional tax dollars into Social Security to pay the promised benefits.

At least they work, Do you know a stay - at home KEPT women that never paid a penny into Social Security gets to collect half the amount of what her husband collects and the husband did not pay a penny more than the single man that made the same amoount of money.

If I had a choice, I'd rather see the money go back into the Social Security Trust Fund than into general income tax revenues.

In such situations you may not be paying into your Social Security account.

They will be working longer — to age 67 or 70 — rather than dipping into Social Security at 62.

Once you pass your full retirement age, the earnings limit vanishes, and you're allowed to earn as much income as you like without fear of a penalty cutting into your Social Security payments.

If you're not going to be paying money into Social Security, it makes sense to invest that money in some form of tax - advantaged or tax - sheltered retirement account to ensure that you still have some income in retirement.

Social Security is based on a simple concept: While you work, you pay taxes into the Social Security system, and when you retire or become disabled, you, your spouse, and your dependent children receive monthly benefits that are based on your reported earnings.

You can not buy your way into Social Security benefits.

For example, while you're employed, you pay into Social Security by way of Federal Insurance Contributions Act (FICA) taxes that are withheld from most paychecks.

At the time of the change in residence requirements, it was hoped that Canada would enter into social security agreements with countries that were the source of immigration so that partial payments of social security pensions would be received by adult immigrants to Canada.

He also said that state and municipal retirement pension plans should be swept into the Social Security system — and argued that the political pressures are building to force change.

This stipulation was built into Social Security so that couples where only one spouse was working would still receive social security for the other spouse.

Most employees pay 7.65 percent of their income into the Social Security system, the combined rate for both Social Security (representing 6.2 percent) and Medicare (1.45 percent).

We are in America and you other religions should respect ours as you would have us respect yours if we were in your country, you all come to America for freedom and you get it but, you try to take away our freedom and belief's and you think that is ok, Remember whose country gave you the right to live, work, go to school, & collect Social Security in a country most of you never paid taxes or paid a dime into our Social Security but, you are not to proud to take it.

That worries me because I've been paying into Social Security since I was 15, and saving for retirement for more than 25 years.

Whereas 3.2 persons» payroll taxes now support each elderly pensioner, the decline in the birthrate ensures that for every pensioner only three or perhaps two persons will be paying into Social Security in the years when today's workers arrive at the age to collect their pensions.

These benefits are offered to disabled children whose parents paid into Social Security throughout their careers.

If an individual pays $ 3,700 per year into the Social Security trust fund but simultaneously draws a net $ 25,000 per year (benefits minus taxes) out of general government revenue, the solvency of government has not improved.

Extending this flexibility into Social Security seems like a logical extension of existing policy.

Dan is of the old amoral Blairite school that thinks cutting deeply into the social security budget will pave the road to electoral victory with gold.

Similar to Americans paying a portion of each paycheck into Social Security, workers contribute a portion of every paycheck to fund a pension system.

I want to get into Social Security Alan.

Can someone who hasn't paid much into Social Security still be eligible?

First of all, Social Security taxes are not the only money flowing into Social Security.

Employees and employers each pay 6.2 percent of wages into Social Security and 1.45 percent into Medicare.

That said I feel more sorry for younger workers who have to pay high amounts into Social Security / Medicare, and they will not get out of program what they put in.

In short, you pay into Social Security during your working years, then once you reach age 62 you can start collecting benefits.

Sources: AARP: Can You Buy Into Social Security?

Democrats in the Senate have introduced a bill that will completely stop the government from being able to stick their hands into your social security and pay off any outstanding federal student loans or debt that you have.

They will also make certain that your settlement is structured correctly and can assist you with the transition into Social Security Disability benefits.

Be clear about what you may be giving up by tapping into Social Security before you reach age 70 and make sure you have the resources to do so.