The Social Security trust fund, invested in U.S. Treasury bonds, is key to funding the system, yet depletion risks by the mid-2030s due to an aging population and fewer workers supporting retirees raise concerns. While payroll taxes will sustain benefits, automatic cuts could occur without changes.
Tag: Retirement
Something needs to change with Medicare Advantage
The average American senior’s Medicare premiums have skyrocketed by over $200 annually, allegedly due to private Medicare Advantage plans pocketing too much dough. It’s a mess, and seniors are the ones taking the hit.
CPI IMPORTANT TO RETIREES
With the CPI climbing 2.2% annually and February’s 0.5% jump, the challenge of rising prices and Social Security adjustments looms. Opting for stability over volatility remains key.
Forget the 4% rule if you are retired
The research underscores the importance of a consistent income stream in retirement, challenging the notion of a universal withdrawal rate
QUINNSCOMMENTARY 