Thoughts On Social Security
Social Security is clearly one of the main sources of income that most of the boomers are hoping to use in retirement. Pensions, IRAs, 401ks, and annuities round out the list, to be sure. But what happens when Social Security goes bankrupt? Indeed, for those of us who are Gen X or Gen Y, benefits from Social Security and Medicare seem less certain. At a recent party I discussed this with someone who quickly met me with the statement “there won’t be any social security when we retire.” That is the hallmark of the current state of Social Security.
Written by Jed Pittman on August 7th, 2007 with no comments.
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