What should we do about Social Security? Should the government allow individuals to allocate a portion the social security funds? What will the government do about the baby boomers? What will government do about the echo generation? Are these even the questions we should be asking?
The reality staring at each of us is that Social Security, more than likely, will not be there for retirees in the not too distant future. The question each of us should be asking is what am I doing to prepare for retirement? People are saying they can’t rely on Social Security for their retirement, but they still are not saving adequately themselves. Though people’s words are say they can’t rely on Soc. Sec., their actions are saying that they will rely on Soc. Sec. The fact remains that something needs to be done to preserve Soc. Sec., but even if it is preserved Soc. Sec. will still not fully fund a person’s retirement. The question that should be plaguing peoples minds is what should I be doing to fund my retirement?