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http://crr.bc.edu/special-projects/books/the-social-security-claiming-guide/. Social Security. Social Security is funded through your payroll taxes (Federal Insurance Contributions Act tax or FICA) on earnings.
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http://crr.bc.edu/special-projects/books/the-social-security-claiming-guide/http://crr.bc.edu/special-projects/books/the-social-security-claiming-guide/
Social Security • Social Security is funded through your payroll taxes (Federal Insurance Contributions Act tax or FICA) on earnings. • A worker's retirement income benefit is based on his or her Primary Insurance Amount • average of the highest 35 years of earning • Born 1960 and later: “normal” claiming age is 67. • But, can claim later or earlier • Also issues of when your spouse claims (earlier or later than you)