We hear it all the time, “When I retire, Social Security won’t even be around.” Is this really true? Not likely. Although the program is facing some financial strain, it’s not in danger of disappearing completely. However, it won’t be the program it was before and people shouldn’t expect it to provide for a comfortable retirement.
The key here is to plan for that. You need to commit to saving and investing wisely, so your money works for you until you are ready to spend it in retirement.
Read the full article, Is Social Security Really Disappearing? on finance.yahoo.com.