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I just applied to social security for retirement at 62. My birthday was in November. Am I able to collect the earlier months i missed?
You will not get any retroactive monthly payments, but your benefit amount should be slightly higher by about 4/10 of 1% per month of delay from November ( ie, about $4 more per $1000)
Is the only money funding s/s from FICA (payroll taxes)? Or, is the govt somehow subsidizing s/s as well?
If the govt throws money into the s/s kitty; just think how much more they could contribute if we weren't spending billions on illegals.
The government is not subsidizing Social Security, but the "illegals" are throwing a LOT of money into the kitty. In 2010 alone, they "contributed" $12 billion, net. I don't know what the most recent stats are but here's the 2010 info from the horse's mouth. http://www.socialsecurity.gov/oact/N...es/note151.pdf
Just think of all of the money they must have contributed over the last 20-30 years. Damn them!
It would help if the government hadn't regularly raided SS funds, spending the money on other things every time the fund showed a surplus, and/or the government budget had a deficit - which has been every year for some time now.
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