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Michael Patton Advising: Social Security May Offer a Lifetime of Protection

Friday, May 22, 2020 @ 12:05 AM

Posted by exploreClarion

Michael-Patton-new-e1545260474797-1024x933CLARION, Pa. (EYT) – Michael Patton, of Patton Financial Advising, submitted the following article: Social Security May Offer a Lifetime of Protection.

Your first experience with Social Security might be noticing that your paycheck is smaller than you expected due to FICA (Federal Insurance Contributions Act) taxes. Most jobs are covered by Social Security, and your employer is required to withhold payroll taxes to help fund Social Security and Medicare.

Although no one likes to pay taxes, when you work and pay FICA taxes, you earn Social Security credits, which enable you (and your eligible family members) to qualify for Social Security retirement, disability, and survivor benefits. Most people need 40 credits (10 years of work) to be eligible for Social Security retirement benefits, but fewer credits may be needed to receive disability benefits or for family members to receive survivor benefits.

Read the full article here.

Patton Financial Advising
51 N. 4th Avenue
Clarion, PA 16214
814-226-9400

Toll-free 1-877-547-2751

Visit website: www.pattonadvising.com

Securities offered through Cetera Financial Specialists LLC, member FINRA/SIPC. Advisory services offered through Cetera Investment Advisers LLC. Cetera entities are under separate ownership from any other entity.


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