I am curious
Heres something Ive been wondering about for quite some time.A person puts money into social security for retirement.Say when this person dies they will get a 255 dollar death benefit.Wooo Hoooo. Say if this person has 50,000 dollars in this fund,and I would think it would go to their remaining family.Does it? I mean 255 dollars to be buried is ludricus these days.But heck the dead guy aint gonna care right. So what happens if this person has no wife or kids,but has brothers an sisters,would the remaining money in their account go to them? Or does the gov get whts left? Just wondering.
Comment
-
Comment by Nikki on February 6, 2012 at 5:28pm
-
The unused money does not go to beneficiaries. It stays in the fund to be used by those who actually live long enough to start collecting. To leave something to your beneficiaries, you need a life insurance policy.
-
Comment by Maria De Wind on February 6, 2012 at 12:57am
-
Are Beneficiaries / co-owners named in the contract?
-
Comment by Marklar on February 5, 2012 at 11:26pm
-
It's not a savings account, it's an insurance program which is to say it is more a gamble than a zero sum game. If you die young then you and your family may never see a penny besides that $255 death benefit. If you live to be 110 you will never be cut off just because you paid in much less than you've collected. Like any insurance scheme, casino game or wallstreet investment there are winners and losers.
-
-
Buy Gold and Silver coins and forget government
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
Veteran’s Day a Time That Should Be Honored
At a time in our confusing and idiotic history when a Democrat can’t define a woman when being…See More
"Thumbs up to this awesome school. Isn't it amazing that some of the greatest teachers are to…"
"Oh wow he is not wasting any time. May the power of the words he just spoke resonate across America…"
"A creative way to get hands on participation with students and the community."
The Perfect Lies
The Perfect Lies Time is like an ocean with its secrets running deepLike all the lovers you’ve…See More
© 2024 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network