social security implications

Social Security provides financial support to retirees, disabled individuals, and survivors of deceased workers, funded through payroll taxes paid during employment. As you work, a portion of your earnings goes into the Social Security system, which then pays benefits based on your earnings history and the age you choose to start collecting. The program aims to replace part of your income later in life or during periods of disability. It’s an essential safety net designed to help maintain financial stability when you’re no longer able to earn a regular income.