Enough About Social Security: For Some, Pensions Are the More Immediate Issue
With the Social Security Administration’s recent update on its long-term financial health, advisors and their clients now have a new time frame for the anticipated depletion of the retirement program trust fund. Unless Congress acts, the trust fund is expected to run out of money in late 2034, at which point Social Security will be able to cover just 77% of retirement benefits.
To read the full article in FinancialPlanning, click: Enough About Social Security: For Some, Pensions Are the More Immediate Issue.