Social Security's and Medicare's Dwindling Trust Funds Could Deal Seniors a Double Whammy in Just 7 Years
Seniors' safety nets are headed for a cliff, but there's still time to save them.
Overview
Retiring comfortably has rarely been so difficult. Expenses are rising faster than wages, you might live for 30 or more years after leaving the workforce, and the social safety nets that previous generations relied upon for help with their retirement costs are struggling.
You've probably heard about Social Security running out of money, but Medicare is on a similar course. The coming changes to the two programs could make life a lot more complicated -- and expensive -- for seniors. But the right preparation could help you better weather whatever comes next.
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Originally published at www.fool.com.
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