For some households, it makes sense for a worker to start reduced retirement benefits early in order to permit other family members to immediately start collecting Social Security benefits on the workerâs earnings record.
Social Security is a key source of financial support, and keeping track of the changes that happen with the program each year is crucial in order to plan your financial future. Keep these facts in mind, and you'll be better prepared to hit the ground running in 2018.
Social security may refer to: 1  social insurance, where people receive benefits or services in recognition of contributions to an insurance program. 2  These services typically include provision for retirement pensions, disability insurance, survivor benefits and unemployment insurance.