Social Security is America's largest source of retirement income.
But most of us have little or no idea how it works. Worse yet, misinformation
causes poor retirement decisions. Here are straight facts about Social
Security's top 10 mysteries.
First, some background. Social Security is insurance, paid for by workers and employers. Only workers and their families benefit from it. It insures against loss of your work income due to retirement (or age), disability or death. It has an annual cost of living adjustment (COLA) equal to the inflation rate, to protect your long-term buying power.
Mystery #1: Will Social Security be there for me? Social Security can pay 100% of all promised benefits until 2033. After 2033 it can pay about 75% of promised benefits. There are numerous options to extend solvency indefinitely with a mix of tax increases and/or benefit cuts. If you're a pessimist, subtract 25% from your SSA benefit estimate.
The Law Office of Susan J. Salehi has helped 1000’s of people like yourself with Chapter 7 and 13 bankruptcies since 1992, both in the Santa Barbara/Ventura and Kern County areas. We offer a free consultation, reasonable rates and payment plans. All of your options will be explained during your free consultation with the attorney at the Law Offices of Susan J. Salehi. Start at only $999 Attorney Fees. Restrictions Apply. Stop Foreclosures with a Chapter 13. Operators 24/7. (805) 654-1467, (818) 880-8305, (661) 631-0252, (805) 202-4688.
www.bkhelpnow.com
First, some background. Social Security is insurance, paid for by workers and employers. Only workers and their families benefit from it. It insures against loss of your work income due to retirement (or age), disability or death. It has an annual cost of living adjustment (COLA) equal to the inflation rate, to protect your long-term buying power.
Mystery #1: Will Social Security be there for me? Social Security can pay 100% of all promised benefits until 2033. After 2033 it can pay about 75% of promised benefits. There are numerous options to extend solvency indefinitely with a mix of tax increases and/or benefit cuts. If you're a pessimist, subtract 25% from your SSA benefit estimate.
www.bkhelpnow.com/wordpress
http://www.dailymotion.com/video/xl3ljf_bankruptcy-lawyer-in-ventura-ca-susan-j-salehi_creation
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http://www.dailymotion.com/video/xl3ljf_bankruptcy-lawyer-in-ventura-ca-susan-j-salehi_creation
http://www.youtube.com/watch?v=PMJSiWP2Pzw
http://www.youtube.com/watch?v=hLzM0Hi6q10
http://www.dailymotion.com/video/xt679n_bankruptcy-attorney-ventura-oxnard-camarillo-santa-barbara_shortfilms
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