Here's Why It Pays to Imagine a Retirement Without Social Security
Social Security serves as a financial lifeline for millions of retired seniors today. But unfortunately, that lifeline may be shrinking.
Social Security is facing a financial shortfall in the coming years as baby boomers exit the workforce in droves, taking away much-needed payroll tax revenue to fund the program. And while Social Security can tap its trust funds to make up for that revenue shortfall, once those funds run dry, benefit cuts may be on the table.
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Source Fool.com
