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Social Security's retirement program has been a basic part of American
life for more than 68 years. In addition to benefits for retired workers,
Social Security also provides financial support to younger workers and
their families who face a loss of income due to disability or the death
of a family wage earner.
Because we're living longer, healthier lives, we can expect to spend more
time in retirement than our parents and grandparents did. Achieving a
secure, comfortable retirement is much easier when you plan your finances.
Most financial planners recommend you prepare for the future with a combination
of Social Security, private pensions and personal savings.
If you're getting Social Security benefits when you turn 65, your Medicare
Hospital Benefits start automatically. If you're not getting Social Security,
you should sign up for Medicare close to
your 65th birthday, even if you aren't ready to retire.
Depending
on what you own and how much income you have, you may be eligible
for Supplemental Security Income (SSI)
when you are 65 or older. You may be eligible for SSI prior to age
65 if you are disabled or blind. |
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Get an estimate of your retirement benefit
using our calculators
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