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Summary of Social Security, Medicare and Retirement

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Summary of Social Security, Medicare and Retirement

Social Security and Medicare were designed to be a safety net, not a full retirement plan and health plan. Yet many persons act as if that’s just what they are. Unfortunately, the system cannot work that way. It is still up to individuals to take personal responsibility for planning for their retirement, with Social Security and Medicare retirement benefits as two of the sources of retirement funding.

Practical Ideas I Can Start with Today

  • Estimate my expected Social Security benefits. Use this calculator.
  • Use the planner on the Social Security Website to help map my retirement.
  • Visit www.medicare.gov to learn the details of traditional Medicare, Medicare Advantage, and Medicare supplement insurance.
  • Be aware of upcoming enrollment periods if I am nearing the age of 65.

What you have learned

  1. What Are Social Security Benefits?
  2. Who Is Eligible for Social Security Benefits?
  3. Who Pays Social Security and Medicare Taxes?
  4. How Do Social Security and Medicare Fit into Your Retirement Planning?
  5. Social Security: Will It Be There for You?

Find out what you have learned