Answer: One prevalent myth about Social Security is its financial solvency. Contrary to popular belief, recent audited reports reveal a surplus, projected to continue until 2023. After this, outflows are expected to surpass inflows, depleting the surplus over approximately 10 years. Without intervention, Social Security contributions could cover 77% of promised benefits. Thus, the crucial question isn’t whether funds will run out, but rather if one prefers ¾ of $3000 or ¾ of $2000.
Why You Need a Closer on Your Financial Team
In baseball, few positions are more crucial—or more pressure filled—than the closer. The closer...