You’ve spent a lifetime paying into Social Security, but there’s no guarantee that you’ll get out of it what you’ve put in.
In fact, the way things are looking today, the odds aren’t looking too good.
The federal government earlier this year admitted that for the first time since 1982, it needs to dip into Social Security’s trust fund to pay for the program this year. You can interpret this as a warning that—absent action from lawmakers and this or the next few presidents to prop up the system—things could soon get worse—perhaps a lot worse. Read More.