I don’t think so, but we do need to fix the problem! And soon!
Social Security is synonymous with retirement income, but it is much more.
The reality is that may not be possible for a variety of reasons.
Treat Social Security benefits as a bonus, not your main source of income.
We discussed the Boomers earlier in April but what about their kids?
According to a survey by Bankrate.com last summer, Boomers are retiring at the worst time in a generation.
I don’t think so, but there is trouble brewing and it makes great headlines!
Current thinking has 65 as the normal retirement age and that’s because at one time a worker could collect full Social Security benefits at age 65. No more.
The mother of all birthdays has come and gone and the first of the Boomers are now getting senior discounts when they go to the movies.
If you are a Boomer, your retirement planning has been scrutinized in the media for the last decade.