‘You’ll always be at a loss.’
Quite a lot of people seem to believe this myth, and we’re not quite sure where it all started but we know it’s likely because not everyone understands how the program works.
Because of how your benefits are calculated you could even gain a lot more money than you paid in. These chances increase the older you get, but it’s still not a good idea to bank on any huge boosts.
They have to calculate the taxes you’ve paid, inflation, your marital status and when you started collecting. All of those factors are taken into account!
Because of how your benefits are calculated you could even gain a lot more money than you paid in. These chances increase the older you get, but it’s still not a good idea to bank on any huge boosts.
They have to calculate the taxes you’ve paid, inflation, your marital status and when you started collecting. All of those factors are taken into account!
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