can you borrow money from your social security statement earnings verifying the years you worked if so how
2007-08-26 12:54:22 · 9 answers · asked by yayema j 1 in Business & Finance ➔ Personal Finance
no, gotta wait until you are retirement age (or if you were to become completely disabled)
2007-08-26 12:58:36 · answer #1 · answered by ctjedda 2 · 3⤊ 0⤋
No.
There is no "pot of money" that your future Social Security payments will come out of, Social Security is a giant (legal) "Ponzi Scheme" run by the government that relies of the working population growing FOREVER....which is just not going to happen!
If you are under 45, don't rely on it even being there by the time you retire!
2007-08-26 20:12:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No, you can not borrow money from Social Security. When you reach retirement age--they will tell you how much you will receive.
2007-08-26 20:01:13 · answer #3 · answered by old_woman_84 7 · 0⤊ 0⤋
No, if we are lucky there will be enough money in the system so we can recieve S.S. when we retire! Do no retire and plan to live on S.S. it may not be there and you will be S.O.L. Make plans now for a 401k, save money, invest, buy a house! Plan now!!!!!!!
2007-08-26 20:06:34 · answer #4 · answered by Mr. Dollar Saver 2 · 0⤊ 0⤋
No you can't - they are just showing you what credits you have toward eventual retirement benefits. There's nothing there for you to borrow from.
2007-08-26 20:48:35 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
sure than you file for bankruptcy and then when you retire you will have nothing -- life does not that way!!!
2007-08-28 18:04:45 · answer #6 · answered by mister ed 7 · 0⤊ 0⤋
Hahahahahahahahahhahahah
No , but thanks for the funny .
I fell out of my chair laughing . . .
hahahahahahahahahahahahahahahahahah
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2007-08-26 20:06:07 · answer #7 · answered by kate 7 · 2⤊ 1⤋
Thanks for the laugh!
2007-08-27 00:14:23 · answer #8 · answered by ppp 1 · 0⤊ 0⤋
Thanks for the laugh!
2007-08-26 20:50:00 · answer #9 · answered by Anonymous · 0⤊ 1⤋