Week 48 Day 1: Social Security Basics: How the System Works

Social Security is the largest retirement asset most Americans own, yet few understand how it works. You earn credits by paying FICA taxes during your working years. After 40 credits (about 10 years o...

Social Security is the largest retirement asset most Americans own, yet few understand how it works. You earn credits by paying FICA taxes during your working years. After 40 credits (about 10 years of work), you qualify for benefits. The amount you receive depends on your 35 highest-earning years and the age you claim.