Understanding the impending social security crisis
The alarm bells are ringing, and it’s time for American workers to pay attention. As a certified financial planner, I’m here to share a critical warning that comes directly from the government’s social security website. The government has stated that starting in 2034, it can only afford to pay out 80% of the promised social security benefits. This 20% reduction will significantly impact the financial stability of American households, particularly those over the age of 65. The cornerstone of retirement planningSocial security has long been a cornerstone of retirement planning in the United Stat...