What used to be a simple plan for preparing your nest-egg for retirement may no longer be possible. Thanks to various factors affecting retirement plans, securing a "safe retirement" has become difficult to obtain.
If nothing is done, in about 15 years there will be a big cut to Social Security. Unfortunately, it looks like only 25% of the country will be able to sustain their retirement plans when this cut happens.
There's no doubt that something needs to be done soon to fix Social Security. Alan Greenspan and congress each have suggestions, but both could push Social Security to its tipping point sooner than expected.
Social Security benefits come with uncertainty, and the situation gets more dire when you start finding pieces of the puzzle you didn’t realize were there. Here are 3 factors that could shrink your check and how you can have a more secure retirement.
There are concerns that naturally come with retirement planning, but one concern may be overlooked thanks to misplaced optimism. If not taken into consideration, it could mess with your retirement savings.