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Glossary

Finance

The Financial Glossary is your essential guide to understanding the financial terms and concepts that matter most to Baby Boomers. This glossary covers everything from retirement planning and investments to budgeting and estate management, offering clear and concise explanations tailored to the financial needs and goals of our generation. Whether you’re planning for the future, managing your current finances, or exploring new investment opportunities, this glossary provides the knowledge and tools you need to make informed decisions. Empower yourself with the information necessary to secure your financial well-being and navigate the complexities of today’s financial landscape.

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Social Security

Also known as: Elderly welfare provisions, Government aid for seniors, Social insurance

Social Security is a U.S. government program that provides financial aid to individuals who are retired, disabled, or unemployed, as well as to families in which a spouse or parent is deceased. Funded through payroll taxes, it aims to offer a safety net for citizens, helping them maintain a minimum standard of living, especially during periods of vulnerability or financial hardship.

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