Social Security Crisis?
There has been a lot of talk about Social Security drying up by 2034 and what that means for individuals in their 40's and younger. However, if you are not concerned about payroll taxes and the funds acquired from the taxation of Social Security benefits being diverted away from the program, then a 21% reduction in your Social Security benefit may keep 79% of your benefit in your pocket until 2092. Not the best news, but not the worst. All the more reason to save early and often!