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Should you rely solely on Social Security to fund your retirement?
Based on the latest projections, the Social Security Trust Fund will run out in 2032. Social Security will still be able to pay benefits; however, this means a further reduction in benefits for most people who claimed their benefits earlier than their full retirement age. So, what does this mean to you? This means Social Security will not cover all your costs in retirement. You will need to look to supplement your Social Security benefits when it finally comes time to retire. Sam Swenson gives some advice on ways to supplement your Social Security. Read Mr. Swenson’s article here…
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