"Since I was 7 years old in 1957, I was told that there would be no Social Security – what do you think Mike?”
Retiree Social Security income is a politically charged hot button issue and opinions vary from source to source and political season to season on its long-term viability. From the time I started in the working with clients in this business in 1990, I have heard the same thing – Social Security will run out. My opinion is that, while this is a FAR from a perfect system, the government will be making changes soon to impact the amount of future benefits that individuals will expect to receive – especially if you are under age 55. Continued tweaks will be made over time to the system and I believe there will always be a form of retiree Social Security. However, if you are counting on Social Security to be 100% of your safety net – think again and get planning. Often with married couples, we assume either 50% of