Declining Social Security Trust Fund Balance Set to Begin

First boomer applies for Social Security (CNN Money)

Born one second after midnight on Jan. 1, 1946, makes Kathleen Casey-Kirschling, the first baby boomer eligible to apply for Social Security benefits. She has soaked up the media attention related to her birthday....

"She's leading the way for her generation"

Well I better stop procrastinating in my contributions towards my 401K and IRA since I am not counting on any money being left for people currently in their twenties.

I just want to provide one more semi-known stat regarding Social Security:

An estimated 10,000 people a day will become eligible for Social Security benefits over the next two decades, Astrue said. The Social Security trust fund, if left alone, is projected to go broke in 2041.

Urge your congress-person to work to fix the social security system!

Happy Saving,

- TMac


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