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Unraveling the mystery of Social Security retirement benefits
There is no escaping the Social Security question. With the Baby Boomer generation retiring, Social Security is becoming a hot topic. Social Security was designed in 1935 to provide older Americans with an income stream after retiring. They established a system where they assigned numbers to all individuals in order to track their benefits over time, which is how Social Security numbers began. Now, the benefits of Social Security have expanded beyond retirement benefits. OASDI, which is the official name, stands for “old-age, survivors, and disability insurance.” Talk about adding insult to injury right?…Read More
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