Claiming Social Security Before 2032? Here's What You Should Know About Its Future.
Big changes are on the way, but there's a lot we don't know yet.
Claiming Social Security Before 2032? Here's What You Should Know About Its Future.
Overview
Retirement planning is full of question marks. You don't know how long you'll live, how much you'll spend annually, or how your health will be. These challenges have been around as long as our modern idea of retirement. But today's seniors also face a new struggle that many in the past didn't have to worry about.
Social Security's trust funds are dwindling rapidly, and the latest Trustees' Report estimates that they'll be depleted in 2032. We don't know exactly what will happen after that, which makes it difficult to plan your retirement budget. A few possibilities seem more likely than others.
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Details
Source
Originally published at www.fool.com.
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