"Is Social Security Running Out?" People already have worry & anxiety over retirement. Being alarmist with information cloaked in awareness needlessly elevates the strife.
Knowing how the SS system works and what to expect, near-term retirees can DIY or partner with a financial planner or financial coach to adjust their retirement funding plan.
Conversation Insights:
- Brief SS System history and why the history is essential in how we view the SS benefit funds our retirement.
- Understand how tax collection funds the SS System describing its shortcomings and survival.
- Why the narrative of "running out" exists. How did we get a surplus, and why is the surplus, but not the system, running out?
- What happens to our benefits when the surplus funds run out, and the system tax collections fund our benefits?
- How can people supplement their retirement resources beyond social security and live their desired retirement lifestyle?
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