Can Millenials and Gen X Count on Social Security?
Eric Roberge is founder of Beyond Your Hammock, a virtual financial planning firm that helps professionals in their 30s and 40s make mindful decisions with their money and strategically use their incomes to achieve financial freedom. Roberge notes that worries about whether Social Security will be around in the future is nothing new among younger people. The voices of concern have become louder, though, and he notes the concern is always real when it’s your Social Security money. Experts agree some kind of Social Security program will exist in the future, but Roberge’s advice to Millenials is simple: start planning as if Social Security is doomed. Read full piece in Kiplinger’s here.
The Association of Mature American Citizens (AMAC) has developed a bipartisan compromise bill, titled “The Social Security Guarantee Act”. One of its several components is Social Security PLUS, a new yet voluntary early retirement plan that would allow all earners to have more income available at retirement. This component is intended to appeal especially to younger workers. Learn more about AMAC’s Social Security Guarantee here…