Social Security's Future: Why You Need Personal Savings
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Federal estimates reveal Social Security trust funds may deplete by 2034, causing concern among older Americans. One-third plan to claim benefits earlier. Confidence in the program has dropped, with retirees heavily relying on checks. Experts emphasize the need for personal savings, suggesting workplace 401(k) plans and traditional or Roth IRA contributions. Early saving habits reduce the risk of outliving savings.
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