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Medicare and Social Security funding: FICA taxes and trust funds, explained
Payroll taxes are the main source of funding for both Medicare and Social Security.
Financial education is a priceless asset that pays lifelong dividends.
— Rachel Christian
Bankrate writer Rachel Christian covers investing and wealth management. Her work has been featured in publications across the country, including Business Insider, the Tampa Bay Times, Evansville Business and the Orlando Business Journal.
Christian is passionate about making personal finance accessible for everyone by providing clear, accurate information that breaks down complex topics for readers.
She’s a long-time journalist with a history of reporting on business and personal finance. During her career, she’s written extensively about investing, retirement, Social Security and Medicare.
Financial education is a priceless asset that pays lifelong dividends.
— Rachel Christian
Payroll taxes are the main source of funding for both Medicare and Social Security.
Know these Medicare rules before getting a job in retirement.
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You can build generational wealth by taking simple steps, like investing in your 401(k).
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They say vice is nice — but should it be part of your portfolio?
Avoid the headaches of probate with these strategies.
Investing isn’t just for adults: Teens can make investments to generate returns, too.