The Social Security Administration (SSA) provides a variety of benefits. These include well-known ones such as retirement and disability. But, there are many more. Almost all of them are tied to your work history, which is simply how long you have worked and how much you have paid into SSA. Your work history determines two main things: Are you eligible for benefits and, if so, how much will SSA pay you in benefits.
Complicated, But Worth The Time To Read
The Motley Fool website recently published a lengthy article that goes into the importance of your work history. The article is thorough and detailed and well worth reading. Some of the details are a bit complicated, but the author does a good job of explaining things in simple terms. The article will not only help you understand the importance of your work history, but it will also show you how to ensure that the information SSA has about you is accurate.
Knowledge Is Power
Given that virtually all of us will eventually draw some sort of SSA benefit, it makes sense to understand how the system works. Keep in mind that the devil, as they say, is in the details. If you still have questions about your work history and what SSA does with it, let me know. In the meantime, start reading.
