Fear mongering about Social Security can lead to bad decisions

Be on the lookout for sensational headlines about the current status of the Social Security Trust Fund. In fact, according to the latest report by the Social Security Administration Actuaries, Social Security will still be able to pay around 75% of planned benefits after 2033, the year the Social Security Trust Funds are expected to run out. How this topic is phrased makes a big difference, according to a recent study by the Center for Retirement Research at Boston College.

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