People say Social Security won't last forever. How important is Social Security income to my fut
- Mitchell Byrum
- Jan 23, 2015
- 1 min read
Myth-Social Security was invented to provide all the income needed for retirement; this was never the intention. Social Security is a source of retirement funds. However, it does not take the place of proper savings in 401(k)’s, IRA’s or pensions. People are worried that the age one can withdraw their funds from their social security will continue to be pushed back. The problem is that baby boomers are retiring in large quantities while at the same time birth rates are declining. Simply stated, there is not enough money paid into the system for those drawing benefit. Our mission is to manage your retirement accounts by optimizing tax-advantaged investment vehicles as well as social security.
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