Ask Rusty

If I Die, What Happens to the Social Security Taxes I Paid?

Dear Rusty: I have heard that when my wife and I pass, the government keeps all we have paid into social security. Is this correct? Signed: Curious Senior Dear Curious: The Social Security taxes paid while you and your wife were working weren’t deposited into a personal account for each of you; rather they were used to pay benefits to those ...

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