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Social Security and Medicare

Posted by Myles Brandt on 13 May 2009 | 0 Comments

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You may have heard in the news recently that the unemployment caused by the recession is draining the funds of both Social Security and Medicare. Less people employed means less withholding being paid into the funds. The fact that these government programs may become insolvent highlights the need for retirement planning at every age in life. The New York Times has a good article detailing the troubles of Social Security and Medicare: http://www.nytimes.com/2009/05/13/us/politics/13health.html?_r=1&scp=2&sq=Social%20Security&st=cse 

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