Social Security is a method of providing a continuing income to you and your family if your earnings stop or are reduced by retirement, disability or death. Social Security is designed to pay:
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retirement benefits to those age 62 and older;
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disability benefits to workers who are disabled;
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survivor benefits to family members of deceased workers; and
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health care coverage through Medicare.
Social Security payments will not replace all lost income, so you should be prepared to supplement it with savings, investments, insurance or pensions.
