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Social Security is arguably the most important social program for our nation's retired workers. Each month, more than 42 million of the 61.6 million people receiving a monthly stipend from the Social Security Administration are retired workers. It is not reasonable for most people to expect to receive their full estimated Social Security benefit for the entire duration of retirement. It is certainly possible that government will increase taxes, or maybe even push back the age at which you can start collecting benefits, in order to support the payment of full benefits. Trust your decisions to choose right plans for yourself and always live fearless. To know more details please visit here https://www.capbluecross.com/wps/portal/cap/employer/shop-group-plans
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Can You Count on Social Security When You Retire? Social Security is arguably the most important social program for our nation's retired workers. Each month, more than 42 million of the 61.6 million people receiving a monthly stipend from the Social Security Administration are retired workers. Of these retirees, more than three out of five (62%) rely on their payout to account for at least half of their income, with about a third reliant on Social Security for practically every cent they get each month. Social Security doesn't look like something the average American worker should count on during retirement. But if we dig below the surface, we'd see that this view is incorrect. While the program might look quite a bit different when you retire than it does to current retirees, you can most definitely count on it being there in some capacity for you. Your Social Security benefits may be taxable if you earn too much. According to IRS rules, if you make more than $25,000 as a single tax filer, or $32,000 as a couple filing jointly, half of your Social Security benefits can be exposed to federal income tax. Source : fool.com w w w . c a p b l u e c r o s s . c o m
