5 little-known facts about Social Security

Published November 02, 2011

| Bankrate.com

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Most Americans watch their money go into the Social Security trust fund in the form of payroll deductions as soon as they begin working, when retirement seems a long way off. As a result, many go through their working lives without giving it much thought.

Here are a few facts everyone should know about Social Security benefits before making any decisions about retirement.

5 little known facts about Social Security

What are spousal benefits and widow benefits

Where do payroll deductions for Social Security go

Retirement resources

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For most people, Social Security is one component of retirement income -- one leg of the so-called three-legged stool.

Pensions are another component, but these days few workers get a pension. The last leg would be personal savings, whether in a 401(k) plan, IRA, an investment account or savings account.

Read Bankrate's Retirement Guide to learn basics about how to construct a retirement plan.

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http://www.foxbusiness.com/personal-finance/2011/11/02/5-little-known-facts-about-social-security/