Just stumbled on this site and have a question about Social Security. I realize that in 22+ years we may not have any social security at all. I have paid into SS for over 10 yrs (got my 40 credits). Questions:
1. If I no longer ever receive a salary/paySS - will my future benefits decline?
2. When future benefit amt is calculated -- how many past quarters do they look at to calculate your average salary/payments?
Pretty new to this concept -- so feel free to tell me if I have misunderstood something - other than the obvious - No, I am not counting on SS for my retirement...
Thanks.
1. If I no longer ever receive a salary/paySS - will my future benefits decline?
2. When future benefit amt is calculated -- how many past quarters do they look at to calculate your average salary/payments?
Pretty new to this concept -- so feel free to tell me if I have misunderstood something - other than the obvious - No, I am not counting on SS for my retirement...
Thanks.