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Dealing with Concerns About Social Security’s Durability - Yahoo!Finance.com
One of the more persistent rumors circulating in many circles these days is that Social Security is on a pathway to disappearance. Of course, most responsible bloggers and journalists understand that the program, as designed, cannot go away as long as there’s a taxpaying workforce. That doesn’t mean, of course, that the program doesn’t have challenges; in fact, if Congress does not act to shore up Social Security’s finances soon, beneficiaries face the possibility of a substantial benefit cut in just about 6 years.
What will happen to Social Security in the future is unknown at this point, but for anyone concerned about steps they can take to prepare for what could happen, there are suggestions. GoBankingRates’ reporter Karen Doyle, in a post on Yahoo!Finance, offers several retirement funding alternatives h=that can be considered. Check out her post here.