Social Security in Today’s Retirement Planning
Social Security has always been an important element in retirement planning, part of what is often called the “three legged stool” – pension plan, savings and Social Security. But the defined benefit pension plan is rapidly disappearing from the corporate landscape, Americans are notoriously bad at saving for their future, and Social Security is facing financial issues which could mean benefit cuts in little more than a decade – thus the “retirement crisis” so many financial advisors warn of. So, with Social Security’s so-called “insecurity,” how does one plan for their retirement in today’s economic reality? Well, this Forbes article by financial expert Steve Parrish explains, including some common sense suggestions for how to resolve Social Security’s financial woes. Click here to read more.