Should I Count on Social Security in Retirement?

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Should I Count on Social Security in Retirement?

Should I Count on Social Security in Retirement?


7 MIN READ

One of the favorite American pastimes is making light of the government. Whether that’s joking about the ogre known as the IRS or slow mail delivery from the Post Office, we’ve all had an interaction or two with government that was less than stellar. Social Security is also an easy punching bag. Many folks say, “Ain’t no way I’m going to get my Social Security the way things are going!” But sitting behind joking statements like this lies a real life, unspoken question. Namely, “Should I count on Social Security in Retirement?”

Social Security is an incredibly complex topic. There’s no way to cover all the complexities in a blog post. Instead, the goal with this week’s post is to highlight two things: 1) how important Social Security is to your retirement plan, and 2) what happens if the Trust Fund runs out.

Source : https://blog.xyplanningnetwork.com/consumer-blog/should-i-count-on-social-security-in-retirement