Worried About Social Security? 3 Ways to Plan for a Retirement Without It
Most Americans are relying on Social Security to help make ends meet during retirement. But with the program increasingly under pressure, it may be prudent to plan for a retirement without it.
The latest Social Security Trustees report says the program only has enough money in the trust fund to pay out 100% of benefits through 2033. After that, it'll rely on income to pay 77% of scheduled benefits. That could be an absolute disaster for the 82% of nonretirees expecting Social Security to be a meaningful source of income in their golden years, according to Gallup.
If you plan ahead, though, you may be able to get by with a smaller benefit, or no Social Security at all. Here are three ways replace those monthly checks and secure your retirement on your own.
Source Fool.com
