Every country has a way of keeping records of its citizens. For example, the federal government issues a Social Security number. This nine-digit number is considered when a person files taxes or applies for various benefits for their legal dependents, such as their parents, children, and spouse). Many institutions also request individuals to enter this number when applying for jobs, paying bills, or verifying their identity before buying a home or car.

Every country requires its citizens to pay taxes in the form of money for the innumerable resources that the country provides them. As one works in the country, they are supposed to pay their Social Security taxes. The money that one pays to the government in the form of taxes is directed to a trust fund which in turn pays the benefits for the citizens who are currently retired, to the citizens facing disabilities and to the spouses and children of the workers who have died. Payment of these taxes will help you gain credits which will further enable you to receive benefits during the retirement.

Social Security Administration majorly offers benefits for retirees, disabled individuals, for spouses or other survivors of a deceased family member in the form of Supplement Security Income (SSI). In order to be able to track all the benefits that you would be receiving, you can open a “my social security” account. This online platform will help you track and manage benefits and also enable you to make any necessary changes to your Social Security account.

The benefits you receive will depend on the amount of earnings that you can make in your lifetime. Some other variables involved in this procedure is the age at which you choose to receive these benefits and whether you will be eligible for a spouse’s benefit in place of your own.