Will Social Security Be There for You?
Dear Moneynews Reader,
Financial Publisher
Newsmax and Moneynews
Friday, 2 April 2010
It is now official. . . Social Security has
reached its financial tipping point six
years AHEAD of schedule.
If you plan to retire in the next 10 to
15 years (or if you have already retired)
— this could prevent you
from enjoying your “golden years” the
way you had planned.
This year, the system will pay out
more in benefits to retirees than it
receives in payroll taxes.
This threshold wasn’t expected to be
crossed until 2016, according
to the Congressional Budget Office.
Chief actuary of the Social
Security Administration, Stephen Goss,
said the problem is that the
Social Security payouts have risen more
than expected because retirees have
begun applying for benefits
sooner than planned. . . and because
millions of jobs have disappeared (leaving
fewer paychecks to tax).
But there is still hope for a
rewarding and relaxing retirement. . .
and it can be found OUTSIDE the
Social Security system.
To discover how to do it Click Here
Aaron DeHoog
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