Social Security

The Social Security Administration in East Falmouth, MA traces its origins back to the New Deal era of Franklin D. Roosevelt in 1935, when social security taxes were first collected in 1937. Since then, it has evolved into the largest social welfare program in the United States, providing a reliable source of income for retirees compared to other investment options.

With monthly benefits starting in 1940, the Social Security Administration offers citizens the opportunity to claim benefits as early as age 62, though waiting until age 66 allows for a 33% increase in benefits. This vital institution plays a crucial role in supporting retirees and ensuring financial security for many Americans.

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