Hi Jan,
If you've seen headlines about Social Security's trust fund running low, you're not alone in wondering what that means for your retirement plan. The short answer is that Social Security is not projected to disappear. What changes is how much of your promised benefit the program can actually pay once its reserves are gone.
This week we look at what trust fund depletion really means, how a lower benefit could affect a real household budget, and why leaving Social Security out of your plan entirely can be just as risky as assuming you'll get every dollar you were promised. Wherever you are in the process, it's worth knowing how much your plan depends on Social Security showing up exactly as scheduled.
| | | | What Happens If Congress Does Nothing About Social Security? If Social Security is part of your retirement plan, the headlines can be unsettling. The program’s trust funds are running down, Congress has not agreed on a solution, and future benefits may eventually be lower than the amounts shown on today’s Social Security statements.
By Retirement Researcher | | | | How Much of Your Retirement Income Should Be Guaranteed? A central component of retirement income planning is estimating how much you can spend without running out of money. Equally important, however, is deciding where that income should come from.
By McLean Asset Management
| | | | Why Playing It Safe in Retirement Can Actually Be Risky
Alex and I continue our Q&A series with listener questions on Social Security benefit assumptions and survivor benefits, then get into why shifting too conservative with your portfolio right at retirement can raise your own risk of running out of money. We also compare inflation-protected bond ladders, bond ETFs, and annuities for covering essential expenses in retirement.
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