Withdrawing my Social Security Money?
Social Security is not a private individual retirement account, which is the problem with it. You cannot pull money out of it and you have to wait until you reach retirement age (or become disabled) to start receiving your montly check. BTW, if you work for someone else than social security is payed in by you with a match from your employer. When you are self employed, you still get stuck paying social security..it’s not something you are allowed to “opt out of” unless you are making money under the table.
No, you can’t withdraw the SSA money. If you qualify for benefits under the Teacher Retirement System *and* the SSA system, you will get checks from both (however, the SSA check takes the TRS check into account so you don’t get the full amount). If you don’t last as teachers, the TRS has a refund mechanism.
