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Social security

Also known as OASDI, or Old-Age, Survivors, and Disability Insurance, Social Security is a government program whereby both employers and employees contribute equally. Retirement benefits are intended to replace approximately 40% of pre-retirement income. For more information, visit www.ssa.gov.

Related Articles:
  • Glossary: Distribution phase
  • Glossary: Self-Employment tax
  • Glossary: OASDI
  • Glossary: FICA Taxes
  • The Tax Man

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