CFP

AAA

Social Security - Introduction


Social Security pays monthly benefits to retirees, disabled workers and families in which a spouse or parent has died. More than 163 million workers pay Social Security taxes, and more than 49 million receive benefits. Retirees account for the majority of the beneficiaries with Social Security benefits replacing about 40% of an average wage earner's preretirement income. Social Security also is known as Old Age, Survivor, and Disability Insurance (OASDI).

Reference: Social Security: Understanding the Benefits, Social Security Administration, 2007

I. Paying into the system
comments powered by Disqus
Related Articles
  1. Narrow Your Range With Stop-Limit Orders
    Investing Basics

    Narrow Your Range With Stop-Limit Orders

  2. Accredited Financial Counselor: An Introduction
    Professionals

    Accredited Financial Counselor: An Introduction

  3. The Seasons Of An Investor's Life
    Investing Basics

    The Seasons Of An Investor's Life

  4. Leveraging Leverage For Bigger Profits
    Home & Auto

    Leveraging Leverage For Bigger Profits

  5. Introduction To Financial Planning Organizations
    Personal Finance

    Introduction To Financial Planning Organizations

Trading Center