When social security is taken out of your paycheck, is all of that money being saved for your eventual retirement? how does that work?.

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28-03-2022
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When social security is taken out of your paycheck, is all of that money being saved for your eventual retirement? how does that work?.

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topeadeniran2 topeadeniran2 · Answer 1 · 2022-04-04T21:38:20+02:00

When social security is taken out of one's paycheck, not everything is saved for retirement.

What is social security?

Social security is simply designed to pay retired workers that are 65 years and older.

In this case, social security is taken out of one's paycheck, not everything is saved for retirement. They are put in place to provide payments to those with limited incomes.

Learn more about social security on:

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