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Tag Archives: Ponzi schemes

What Social Security isn’t

There has always been a lot of misinformation and frank dishonesty surrounding Social Security. Here are three things that Social Security isn’t:1. A retirement investment. Social Security is insurance. It is not meant to be your sole source of income after retirement (although for many Americans, it basically is). Social Security is not a substitute for a pension or 401k, or for personal savings. But if some calamity befalls you and you lose your...

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