A Brief History of Social Security The Social Security Act, which, among several provisions for general welfare, created a social insurance program designed to pay retired workers age 65 or older a continuing income, was signed into law by President Franklin D. The program was designed for workers to fund their own benefits through additional income taxes.
Originally, Social Security only provided retirement benefits to workers with a history of earned income, but in 1939, two amendments to the program extended benefits to dependents and survivors of those with earned Social Security benefits.
By working with a trusted financial advisor to develop an effective savings and investment strategy, you can still achieve a comfortable retirement without depending on Social Security for the majority of your income." Social Security is an important social insurance program that many Americans have come to rely on for retirement, disability, and survivor benefits—according to the Social Security Administration (SSA), about 63 million Americans will receive $1 trillion in benefits in 2018.
By working with a trusted financial advisor to develop an effective savings and investment strategy, you can still achieve a comfortable retirement without depending on Social Security for the majority of your income.
The future is uncertain, but a solid retirement plan considers both knowns and unknowns.
While the future of Social Security and other entitlement programs is yet to be determined, those planning for retirement can take steps to offset the risk of these programs reducing their benefits.Please be sure to title the subject line “Essay Question: Have you ever been affected by adversity or significant challenges in your life that you deal with on a daily basis or that you have overcome?What advice would you give to someone who might be experiencing adversity or significant life challenges?Essays must be 750 words, typed, double-spaced, and use standard margins.Essay Deadline Disclaimer: The program is open to students who are currently enrolled in an accredited college or university in one of the 50 United States or the District of Columbia. Employees of Disability Attorneys of Michigan, and members of their immediate families living in the same household, their parents, subsidiaries, affiliates, and their advertising, promotion, and production agencies, are not eligible to enter.An Uncertain Future for Social Security Although the collapse of Social Security has been a looming threat for some time, funding issues have become a more imminent concern in recent years.According to the SSA, Social Security programs are currently facing issues of long-term insolvency.Here is a compilation of essays on ‘Social Security’ for class 9, 10, 11 and 12.Find paragraphs, long and short essays on ‘Social Security’ especially written for school and college students.Scholarship Description To enter the essay program, write a 750-word essay on either, “Adversity and Life Changes” or “Powerful Life Experiences That Have Changed Your Life.” This Essay Program is available to prospective or current undergraduate students who are attending an accredited college or university anywhere in the United States.Please email submissions to DAMichigan [email protected] later than May 15, 2018.