Do not purchase into misinformation. It may actually wreck your retirement.
Numerous seniors now count heavily on Social safety to handle their cost of living, and something time, you may perform some exact same. That is why it is vital to understand the information about this program, and therefore means maybe perhaps maybe not dropping target to these dangerous falsehoods.
1. This system is going bankrupt
Personal protection is dealing with its share of monetary woes. The program won’t have enough incoming payroll tax revenue to keep up with its existing obligations, and once the program’s cash reserves, known as its trust funds, run out of money, Social Security may have to implement drastic cuts, slashing monthly benefits by as much as 24% in the coming years.
Demonstrably, that is not very good news. But it is a really various tale than Social Security going bankrupt totally, and you may be assured that the latter situation is certainly not on the table. (más…)