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Managing
Social Security Overview
Social
Security is an intensely personal and emotional subject to
Americans of all ages. From
its humble beginnings more than 60 years ago, it has grown
into an institution that affects the lives of almost all
Americans.
Because it has grown to be such an important part
of our lives, it only seems natural that we should try
to stay current with where the system is going and how it
relates to us. For
many self-employed individuals, it is an area that can be
managed effectively. This
book is written for those individuals and the
professionals who serve them.
For purposes of organization. the
information, in this book will be presented in three major
sections:
The section on perspectives is meant to
provide a
brief, but relatively complete, picture of the retirement
and
disability portions of the Social Security system.
This information is vital to understanding the
development
of a strategy. You must know the rules of the game and where
you stand before you can
play
it correctly. New to this edition is a chapter on Medicare.
The strategy section will examine all of the
factors that make Social Security unique for each person and
will
also broadly outline what each person's strategy should be.
Because each person is unique, with
varying
past earnings, age, sex, marital status, etc.. specific
recommendations must be based on each person's
unique situation. Our information gives the blueprint for
developing a strategy: constructing a
strategy
will depend on the individual's building materials.
This section also contains chapters on
applicable
strategies for individuals at the various stages of life.
Social Security is not something that
should
be ignored until retirement approaches.
Hopefully these chapters will help those who have
several
years or decades to work before retirement.
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