Should Social Security's Insolvency Change Your Retirement Plans?
The program's future could influence yours.
Overview
Social Security plays a central role in many people's retirement plans. For some retirees, it's a helpful source of supplemental income. For others, it's their main source.
Recently, the Social Security Trustees reported that the program's Old-Age and Survivors Insurance Trust Fund is set to run dry by 2032. At that point, the program will still have incoming payroll tax revenue that it can use to pay benefits, but it won't be enough to pay those benefits in full.
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Details
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Originally published at www.fool.com.
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