What are social security benefits and how important are they to have later in life?
Enlightenme! asked:
I am ignorant regarding social security benefits since I am still pretty young.
I am ignorant regarding social security benefits since I am still pretty young.
So I am asking a basic question, what are they and how important are they to have later in life?
Additionally, if I was to work abroad with a foreign employer can I still qualify for it later or would I have to work for a US employer?
Judy
Catherine
You pay into it gradually through-out your lifetime, if you live in America that is. It’s something to fall back on when you’re old or disabled and lacking funds to care for yourself. It will help pay for some medical procedures, medications and that sort of thing. You don’t know if you’ll always be as well off as you may be now, so it’s something good to have.