2007-05-11 08:04:48 · 5 answers · asked by madcityd0623 3 in Business & Finance ➔ Taxes ➔ United States
According to the Social Security Administration, benefits are based on "your average monthly indexed earnings during the 35 years in which you earned the most".
I agree with whoever gave the "house of cards" answer. I plan to receive nothing from social security. If they send a check, I will accept it, but my retirement planning assumes the will send me a bill.
2007-05-11 11:42:48 · answer #1 · answered by STEVEN F 7 · 1⤊ 2⤋
Social security primarily refers to a field of social welfare service concerned with social protection, or protection against socially recognized conditions, including poverty, old age, disability, unemployment, families with children and others.
2007-05-11 08:12:17 · answer #2 · answered by Anonymous · 0⤊ 3⤋
You life time earning up to a certain point. I think it was 90,200 last year. The more you make up to that point the hirer your SS payment is.
2007-05-11 09:29:54 · answer #3 · answered by Jerry 3 · 0⤊ 1⤋
A house of cards and the full faith and confidence of the the US government. Trust me! Would I lie! Disarm the citizens and we will all be safe! There is no inflation to worry about!
2007-05-11 11:22:00 · answer #4 · answered by acmeraven 7 · 2⤊ 3⤋
Your lifetime earnings.
2007-05-11 08:42:16 · answer #5 · answered by Bostonian In MO 7 · 1⤊ 3⤋