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Underscoring the Purpose of Social Security
In a post today on morningstar.com, financial journalist Mark Miller sets forth “A beginner’s guide to understanding and maximizing Social Security benefits.” But it’s more than that…Miller’s article delves into the program’s progressive design, highlighting its long-term role in addressing the household wealth inequality issues persistent in the U.S. economy and the importance to most recipients of having a lifetime benefit available to them in retirement. Along the way, Miller provides a brief description of how Social Security benefits are earned and how the actual benefit is calculated, as well as some direction on how to get the most out of the system. Overall, an excellent briefing for those with a need to come p to speed on Social Security and, with the growing debate regarding the program’s long-term financial health, that’s most of us. Read it here…
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