When you first begin your career, Social Security might be the furthest thing from your mind. It’s just one more hefty deduction taken out of your paycheck—or so it seems.
In reality, Social Security is a significant part of retirement financial planning for many people. As we pay into Social Security throughout our working lives, we’re investing in our future selves. You’re building up a fund that you’ll have access to once you retire and stop working, or at least stop working so much.