Social Security Yesterday and Today
One of the biggest concerns about Social Security today is about its solvency. Many workers today are worried that it won’t be there for them when they reach retirement age, that the funds will be all dried up. The culprit for this is ever increasing life spans. People just didn’t live that long in to retirement when Social Security was first instated. However, with the way the current laws work, you are not in danger of losing out on your Social Security even if the funding dries up. You are entitled to Social Security according to how much you have paid in to it and it can’t be taken away. Even if Social Security is dissolved, whether a new plan is put in to place or not, and however unlikely that would be, you would still be paid the benefits you are owed. For more information on this topic, visit this article by Neale Godfrey with Forbes.