7. No need to concern about Social Security collapsing
The Social Security Administration has stated that, by 2035, taxes will be able to cover only 75% of scheduled benefits. But if you are turning 50 now, you will have a brighter Social Security future than the younger generations. Social Security will continue to provide benefits that are at least equal to today’s value for workers ages 45 and older, according to EBRI’s 2014 Retirement Confidence Survey.
Why? Because even small tweaks to Social Security policies could secure it well into the future.
Next issue - retirement career.