Access this Free Social Security Calculator
We work all of our lives because we have ambitions and goals. These ambitions and goals may vary from person to person. The one common interest is that we can all retire comfortably. One of the best ways to do that is to have a plan. That plan starts with the social security calculator.
The social security calculator is a free software tool that will help you make decisions based on changes in income, lifestyle and unexpected events that may arise. It will act as a guide to help you better understand your current status and your projected status in the future.
As we work, the government deducts taxes and social security. One of those taxes is FICA (Federal Insurance Contributions Act). This is a kind of payroll tax imposed in an equal amount on employees and employers to fund federal programs for retirees, the disabled, and children of deceased workers. The FICA taxes support Social Security and Medicare.
Social Security in the United States is a social insurance program funded through dedicated payroll taxes. Tax deposits are formally entrusted to Federal Old Age and Survivors Insurance Trust Fund, or Federal Disability Insurance Trust Fund, Federal Hospital Insurance Trust Fund or the Federal Supplementary Medical Insurance Trust Fund. The main part of the program is sometimes abbreviated (OASDI), in reference to its three beneficiaries (OA for retirement, S for widows and survivors income, D for the disabled, and I for insurance).
Social Security was created by the government to pay out benefits to you and certain members of your family if you are "insured," meaning that you worked long enough and paid social security taxes, if you become injured or disabled from a job-related accident and need to be compensated for work missed, if you die or if you have disabled children.
There are many factors to take into consideration. This can be difficult at times. Social Security payments vary on time worked, taxes paid -into the system- and your eligibility based on your current situation. The social security calculator can help you break all that down by entering information based on your current status.
We are faced with many challenges throughout our lives. The one thing we try to do is make it easier for ourselves as we get older. What better way to do that than know where you stand financially so you can prepare. Are you ready to take the next step?
If so, then don't delay. The new social security calculator coming soon can help you put all that into perspective so you can do what is right for you and your family. It's too important not to. What are you waiting for? Act now!
The new social security calculator will be available in the near future and our retirement calculator, was recommended by Ray Martin, the top financial analyst for CBS News The Early Show. It's free and easy to use. All you have to do is click on the red button. Download it, install it and use it. It's that easy. It's your life. It's your financial future.