As self-employed, I’m paying a lot of money Into social security. Does this mean I’ll be receiving this money from social security when I retire?

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As self-employed, I’m paying a lot of money Into social security. Does this mean I’ll be receiving this money from social security when I retire?

Yes, when you retire the amount you paid into Social Security in used to figure the amount you will receive each month from Social Security.

Link to How is my Social Security Benefit Calculated

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