This is a little scary that 1 in 4 people think that they can retire on just Social Security payments.

I don't think Social Security is going away, contrary to what many believe. For decades, people have been saying this. However, I do think the benefits will change over time.

I think benefits will be reduced and the age at which you receive full monthly payments will increase.

It is very wise to not count on Social Security for your retirement and whatever you do receive will just be icing on the cake.

Keep staying close to Sean Hyman and set aside money for retirement every month. Make your money work for you. It's never too late to start.

Comments
No. 1-7
Sean Hyman
Sean Hyman

Editor

Yes, the unprepared end up relying on the prepared. But let's be the prepared anyway. Amen.

Bekka
Bekka

Some of these folks will be living with relatives and provisions made by the relatives, in my opinion. For the 1 in 4, let's hope so, anyway!

Sean Hyman
Sean Hyman

Editor

Yeah, social security, in my opinion...is not a retirement plan. It's just a way to keep from starving. Investing ahead of time is the way to go. I'm never putting my future in the hands of our government.

WRobbins36
WRobbins36

This has happened more than one time...

WRobbins36
WRobbins36

So we got a big fat 0 for our use...

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