Is Social Security dependable for Millennials? Just because the Silent Generation and Baby Boomers have been able to depend on such programs doesn’t necessarily mean we can.
In this episode, we hear my dad’s perspective on the outlook for Social Security. My dad retired at the age of 60 and is now 67, but has opted to defer taking benefits until the age of 70. Although it was only designed to supplement retirees’ income, many people do not have their own savings and are depending on it as the majority of their income in retirement.
Key Points in the Podcast:
-What Social Security is
-Why it was created
-How it works
-Who is qualified for benefits
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How much benefits will be
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