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Questioning Social Security’s Future… - Yahoo.com/GoBankingRates
Social Security’s future for today’s younger workers is in transition. There’s no question about that, given the ongoing commentary on the program’s trust funds’ impending insolvency. For example, the just-completed transition to age 67 as the full retirement age (FRA) for those born in or after 1960 now appears in jeopardy as calls for a later FRA mount. And there are growing concerns that legislative inaction could lead to an across-the-board reduction in benefit payments as soon as six years from now.
Despite all the gloomy predictions, though, one fact remains: the program will continue to exist. GoBankingRates’ Angela Mae, in a post appearing on Yahoo!,com’s Finance page, offers thoughts on how younger workers should interpret the future of Social Security and how it should fit into their retirement plans. Check her post out here…