According to the Social Security Administration’s recent estimates, funds will be depleted in 2035, at which point just 79% of promised benefits will be payable–stoking fears for many who are nearing retirement. A recent CNBC article outlined some of these concerns and highlighted a few potential potential solutions that could shore up the Social Security system. Additionally, the article detailed how financial advisors can educate clients about the state of the Social Security system, the potential changes on the horizon and how all of this could impact their retirement strategy.
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