5 Ways Social Security Protects You and Your Family

Many people frown when they receive their checks, and there is a portion missing. That is not the kind of reaction you should have knowing that you are protecting your future. The part of your earnings that goes into the Federal Insurance Contributions Act (FICA) is a benefit that your family will thank you for.

There is a lot of good that social security does that many people do not realize until they retire. All that money will come back to you at a time when you need it. That is why even when you don’t have an official paycheck, you need to make your contributions.

Social security secures your future; however, if something goes wrong, it is best to consult a lawyer. He will be in the best position to advise on any issue you may have and help you through it.

How Does Social Security Protect Your Future According to a Social Security Attorney in New Orleans?

The money that you pay into social security insurance is for your good. There are a lot of benefits that you may not be aware of but are essential for you and your family. Some of the benefits include:

Benefits after Retirement

Social security provides you with continuous income after your retirement so you can live comfortably. With adequate credits, you can start getting monthly checks at age 66. You have the option of requesting the payments at age 62. However, this will reduce since if you are to wait for the rest of the years till it fully matures, you will get 8% extra. That ensures that you are getting much more which allows you to be even more comfortable.

Benefits for Your Children

If you have children who are minors, you could ensure that they are well taken care of through social security payments. That allows you to have separate funds that can go to them without affecting how much you receive every month. The option is also available to stepchildren and grandchildren in some situations. It is the same case when you have disabled adult children. However, for them to be eligible, the disability must happen before they attain the age of 22.

Disability Benefits

Accidents happen that can leave you disabled hence taking away your power to work as you used to before the incident. It is a benefit that is given when a disability is expected to last at least a year or even result in the death of a person. Social security could be the best way to ensure your financial security if this was to happen. It will allow you to take care of the medical needs that you may have and support your family as well.

Benefits for Your Spouse

Having your social security benefits allows you to contribute to your total earnings so your spouse may also benefit. In case he or she has much lower lifetime earnings, you are in a great position to supplement what they are getting. You can also have this benefit going to your divorced spouse as long as he or she hasn’t remarried.

Survivor Benefits

One of the most significant benefits of social security is that it serves as a life insurance policy if you pass away. If you were the breadwinner in your family, it would have a difficult time if you die. That is why it helps in cushioning them from losing you by allowing them to have financial help. It provides monthly payments made to your family, and it is possible that it can be more than if you had a life insurance policy. That ensures that your loved ones are fine such that the loss is slightly easier on them.

Social security is very advantageous not only to you after retirement but also to your family. It serves as the ultimate insurance policy that is set to ensure financial freedom for everyone. That is why you should ensure that you register either online or through your local social security office.

Call Social Security Lawyers in New Orleans with Any Issues with Your Social Security

The social security systems are quite clear, and people hardly ever have any problems. However, you may have a concern or issue that you can’t deal with on your own, so it is best to involve your attorney. For example, if you get disability after an accident and you need payments, we are the firm to call. You can contact Accident Lawyer Louisiana any time you have an issue with your social security.