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Viewpoints on the Insolvency Issue–Who Needs to Worry?
The Motley Fool’s Christy Bieber dives into the issue of why some future retirees need to be concerned about the potential across-the-board cut in Social Security benefits when the financial reserves run dry. As she points out in a post on their website, the question of whether or not to be concerned is situational, depending primarily on how heavy one’s reliance will be on the monthly benefit paid by Social Security. Her post describes the steps she’s taking now to ensure the availability of financial support from her own accumulated resources when she reaches retirement. This allows her the luxury of not counting on Social Security benefits at all. Read her perspective on the matter here.