Kamala Harris Has an Opportunity to Do Something Only 2% of Social Security Beneficiaries Have Managed

In August, more than 68 million beneficiaries took home a check from America's top retirement program, Social Security -- and for a majority of retirees, this is income they'd struggle to live without.Despite what you might have heard from a friend or read online, Social Security benefits aren't something you receive for simply being born in the U.S. or becoming an American citizen. Benefits, including those for retired workers, survivors, and workers with disabilities, are generally earned through work.To qualify for a Social Security payout, you'll need to tally 40 lifetime work credits, of which no more than four credits can be earned in a given year. The amount of earned income (wages and salary, but not investment income) needed to qualify for a quarter of coverage is $1,730 in 2024. Thus, $6,920 in wages and salary ($1,730 x 4) would maximize the number of work credits you can earn this year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool