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Life Jul 2017 - "Things to Know Before Applying for Social Security Benefits"

Life Jul 2017 - "Things to Know Before Applying for Social Security Benefits"

Life Jul 2017 - "Things to Know Before Applying for Social Security Benefits"

Excerpt


Things to Know Before Applying for Social Security Benefits



Social Security benefits are largely funded by today’s workers via payroll taxes. However, the number of retired workers is projected to double in less than 30 years. Furthermore, the ratio of workers paying Social Security taxes relative to the number of people collecting benefits is expected to fall from 2.9:1 to 2:1 by 2034.


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