Millions of seniors today collect a monthly benefit from Social Security. And without that income, a lot of retirees would no doubt be plunged into poverty.

But while Social Security is paying seniors steadily now, will that be the case in the future? Or is it time to kiss those retirement benefits goodbye?

Let's cut to the chase. You may have heard rumors that Social Security is on the verge of bankruptcy, and that it won't be around for your retirement. But that's just not true. To see why, you need to understand where Social Security gets its funding from.

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Source Fool.com