Just in Case the Social Security Trust Funds Run Out of Money
The Social Security Trustees released their 2017 report stating the trust funds are on track to run out of money by 2034, just 17 short years from now, resulting with benefits being cut by 23 percent in order to match expenses with income. In Chuck Saletta’s column for the website Motley Fool, he points out we still have 17 years to invest to build a nest egg to cover the gap and outlines a way to cover the gap that we are at risk of facing in the event the trust funds empty. Read article here…
Notice:
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.