Social Security is perhaps the most valuable benefit any individual will ever receive from the federal government. For many people, Social Security will be a significant component of their retirement income. Individuals who have not saved for their own retirement may end up relying almost entirely on Social Security during their retirement years.
Despite it being so often talked about, there is still a significant lack of understanding about some basic terms and conditions of the Social Security program; even questions relating to eligibility and benefits.
Here is some retirement advice and answers to some of the most common Social Security questions.
The rules relating to Social Security eligibility and benefits continue to change. As you get closer to your own desired retirement age you should do additional research to make sure that you understand the updated policies.