Social Security's Future Is Shaky, So Here's the Strategy I'm Employing
Is Social Security going bankrupt? Absolutely not. Despite the abundance of rumors that the program will soon be out of money, today's workers can rest assured that they will be in line for benefits once they retire.
But will those benefits be as generous as they're supposed to be? That's up for debate.
In the coming years, Social Security expects to owe more in scheduled benefits than it collects in revenue. That's because payroll taxes are the program's most substantial revenue source, and with an anticipated mass retirement of baby boomers, that revenue stream is apt to shrink.
Source Fool.com
