The Traderszone Network

Published in TZ Latest News 11 December, 2016 by The TZ Newswire Staff

How Much Will I Get From Social Security if I Make $20,000?

Social Security is a progressive system, which means that it’s intended to replace a greater portion of income for lower-income Americans than for those who earn more. That serves the purpose of helping those who have the least financial resources to save toward their own retirement. Yet even with its progressive design, Social Security doesn’t replace all of a low-income retiree’s wages and salary, which means most Americans need other sources of income to get by in retirement.

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