The Social Security Act was signed into law by President Franklin D. Roosevelt on August 14, 1935. The Act, created a social insurance program that was designed to provide workers, age 65 and older, continuing income. Although the Act was passed in 1935, Social Security taxes were not collected until January of 1937. Workers and employers each paid one percent of the first $3,000 in wages and salary.

A topic that many elderly people, and quite frankly, people in general, have a hard time talking about is estate planning. Very few people want to think about what life will be like for loved ones, once they are gone. Although the conversation is a difficult one, it is a very important one. Even if the conversations are tough, most people do not want to leave a mess for their friends or family members.