Will Social Security be around for your retirement years has been a question that many people have debated over the years. In my early years I was planning on it not being around and trying to save enough money so that if I did get any money from Social Security that it would be a bonus. Plus, after paying for supplemental Medicare and other Insurance cost it may eat up a lot of the money we may get from Social Security anyway.
I have read and listened to many different people that some say that it will be around in our life time but may only pay out 50% to 80% of our earned amount. I am 53 years old so I feel pretty secure that it will be there for me but yet with my kids I wonder if it will be or what will be around for them. Some say that it is going away for good and a person shouldn’t count on it. I call them the doomsday people who I don’t like to associate with. I like to hope for the best and have faith that it will all work out.
Below is an e-mail I received from a friend that has some things to think about;
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