Social Security’s Short-Term Crisis: What Advisors Must Prepare Clients For

Social Security faces both a long-term problem and a short-term problem. The long-term problem is the familiar structural imbalance between projected system revenue and projected benefits. The short-term problem is more urgent: The system’s trust fund is projected to be depleted in 2032, at which point system revenues will be insufficient to cover scheduled benefit payments.

By Ken Steiner