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A Grim Look at Social Security’s Future
Much has been written and said about the future of our country’s Social Security system, and quite a bit it takes on a negative tone. A post by Investopedia’s Ashley Eneriz continues this tone, focusing on the steady depletion of the program’s accumulated reserves, the possibility of benefit cuts in the future, and the simple truth that the program’s benefit structure will not, by itself, ensure a comfortable retirement. Her article touches on the obligation of Congress to address the program’s solvency issue, and suggests steps future retirees can take to shore up their finances for the future. Her article closes with a quiz designed to help determine if you can retire comfortablhy. Over all, a good summary of Social Security’s current and future state, and you can review it here…
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