What Happens To The Money Put Into Social Security When Someone Dies And Never Retires?
October 6th, 2009 | by Frenday |My mother died several years ago, never retired and I’m just wondering what happens to the money taken out of her paychecks over the years.
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3 Responses to “What Happens To The Money Put Into Social Security When Someone Dies And Never Retires?”
By CottonPa on Oct 6, 2009 | Reply
Your family may get it, depends, or your Uncle Sam gets it. Nice deal for Uncle Sam isn’t.
By bbclackf on Oct 6, 2009 | Reply
If she had a spouse they can get some of it, if someone is still caring for children they get some of it, there is also a 1 time death benefit (not very much). It is not like a 401k in that you don’t get out everything you put into it. You get a set amount per month (if you retire) based upon years of working about amount you earned. If someone lives a long time they get may get more then they put in, if they die younger they won’t get everything they put in.
By Recacmis on Oct 6, 2009 | Reply
Goes back into the fund, or into someones pocket… like the people for dont work for a living, Well-fare checks.