Social Security benefits are not the same for everyone!!!

Is it possible that the more you make, the less you get back?

It's common to think of Social Security as an individual account of sorts — what you pay in, you get back, more or less. That's far from accurate. By design, the Social Security Administration says, the system is tilted in favor of lower-income workers who have fewer resources to save for retirement. In practice, that means that the more money you make, the less you get back, at least as a percentage of your salary.

For example, a single, 66-year-old man who earned $50,000 per year on average and retired in 2011 would get an annual benefit payment of about $22,800, or about 45% of his annual salary. If he had earned $150,000 per year, he would get annual benefits of about $30,670 — just 20% of his annual salary.

The fact is that the percentage of benefits of your salary you get is not the same for everyone.

Call me for a FREE evaluation of your retirement planning and benefits.

Jesse Alvarado

(562)822-5565