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Social Security's Uncertain Future: What You Should Know

Oct 18, 2021 2:44:00 PM
written by The Retirement Group

Social Security is a pay-as-you-go system, which means today's workers are paying taxes for the benefits received by today's retirees. However, demographic trends in your area such as lower birth rates, higher retirement rates, and longer life spans are causing long-run fiscal challenges. There are simply not enough U.S. workers to support the growing number of beneficiaries. Social Security is not in danger of collapsing, but the clock is ticking on the program's ability to pay full benefits.

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posted in Social Security

How Will Working Affect Social Security Benefits?

Apr 1, 2020 10:32:00 AM
written by The Retirement Group

In a recent survey, 68% of current workers stated they plan to work for pay after retiring.1

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posted in Financial Planning, Lump Sum, Pension, Retirement Planning, Social Security

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