Should I plan on any Social Security savings being available when it is time for me to retire?
I am 38 years old and do not plan on retiring until at least 65.
Answers | 2
The system today pays-out more than it collects. The difference is picked-up by the Trust Fund which is heading for exhaustion. CBO says it will be roughly 2029. SSA forecasts roughly 2034.
The degree of change will be dictated by voters today. Are they paying attention. In the most recent GOP debate there were 35,000 words. Social Security was mentioned 6 times between two candidates. So the issue isn't very important today.
If you are interested in reform, our site provides one stop shopping for people interested in reform. We aren't telling you want to do, only what the public options are.