Millions Face Smaller Social Security Checks
So did you see in the news today, that millions of people will be faced with smaller social security checks? What does this mean for you? Are you collecting social security yet, or even hope to? Here’s a quote from the article….
"Long-term financial problems -
Social Security is also facing long-term financial problems. The retirement program is projected to start paying out more money than it receives in 2016. Without changes, the retirement fund will be depleted in 2037, according to the Social Security trustees’ annual report this year."
You can read the entire article here.
I’ve actually heard some authority’s state that this is optimistic and the monies will run out sooner. Again, what does this mean to you? Have you started to realize that you do need to take control of your own destiny? Have you thought of a way to supplement your income, possibly with starting your own business , even part time? There are tremendous advantages to having your own business . Do you owe it to yourself (or at least your family) to start doing some research? You don’t need to stress about money and the future if you take action and have a plan "B" . Who knows it just might become your plan "A" !
Until next time, J.
"Take control of your destiny or someone else will"
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August 24 2009 07:54 am | Misc Ranting, Retirement, Wealth Strategies
