It’s a subtle difference but I always heard it presented like it was a federal retirement account but is actually insurance for getting old.
It’s a subtle difference but I always heard it presented like it was a federal retirement account but is actually insurance for getting old.
That’s the survivors part. The disability part is if you become disabled after working for some time and have contributed enough to the Social Security fund, you can file for SSDI and start receiving a monthly benefit (reduced from what your retirement benefit would be) prior to retirement.
Also your children do not have to be disabled to qualify for survivor’s benefits