This article explores the truth behind Donald Trump’s relationship with Social Security. Despite being eligible, Trump does not currently collect benefits. We dive into his proposals for Social Security, the financial implications, and the program’s future, providing essential insights for retirees and policymakers alike.
FICA is a mandatory payroll tax that funds Social Security and Medicare. While unavoidable for most workers, understanding how it works and using strategies like pre-tax contributions, exemptions, and smart planning can help you keep more of your paycheck and build long-term financial security.