Social Security overview

Learn how Social Security impacts your retirement

Social Security will not — and was never designed to — provide all of the income you’ll need to live comfortably during retirement. At best, your income from Social Security will supplement that from other sources.
 
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To factor Social Security into your retirement plan, you should know how you can enhance your benefits and how much income you may need from other sources to be financially comfortable during retirement — especially if a portion of your benefits is subject to taxation.
 
The basic concept of Social Security is that during their working years, all employees, employers and self-employed individuals pay Social Security taxes, which are used to finance the program.
 
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