5 Frequently Asked Social Security Questions
Social Security is a huge program. It pays about 62 million Americans about $955 billion in benefits annually, the lion's share of them retirees collecting retirement benefits. According to the Social Security Administration (SSA), 62% of retired workers get at least 50% of their retirement income from Social Security. Even more eye-opening, 21% of married ones and 43% of unmarried ones get fully 90% or more of their income from it.
Your own retirement likely will be supported significantly by Social Security benefits. Thus, it's important to have a good grasp of the program and what it can do for you.
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Source: Fool.com
