Who’s Saving for Your Retirement?

2016 – The projected year in which Social Security will begin to incur cash flow deficits, as outlays exceed revenues. Year of trust fund exhaustion – 2037.

2017 – Projected year in which Medicare’s Hospital Insurance Trust Fund reserves will be exhausted.

Raise your hand if you’d like to depend on Social Security to fund your retirement. Not me! For those who are in the accumulation phase of life, do you need help knowing how much to save and what to invest in? Our firm can help.

~Tony

Source: Journal of Financial Planning

Comments

  1. MarkandLou says:

    Mark Brandly, an economics professor at Ferris State University, gives us this honest analysis of social security

    "The solution is to give workers a negative rate of return on the money that is taken from them."

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