SOCIAL SECURITY & BABY BOOMERS
PONZI SCHEME OR REAL BENEFITS?
May you grow up to be righteous,
May you grow up to be true,
May you always know the truth
And see the light surrounding you.
My you always be courageous,
Stand upright and bge strong,
And may you stay forever young.
-- Bob Dylan lyrics
"The hope behind this statute is to save men and women from the rigors of the poorhouse, as well as from the haunting fer that such a lot awaits them when journey's end is near." - Justice Benjamin Cardozo in 1937 Supreme Court ruling upholding the legality of the Social Security Act.
Boomers are not alone in not understanding much about Social Security. However, Boomers are facing the very real need to know what it really is, how it works and how to use it in pre-retirement planning.
Claims to the contrary, Social Security is not a ponzi scheme. It does need some restructing to maintain its fiscal health.
Boomers have not been big savers. As a result, Social Security has become a base-line for retirement income which was not its original intent. There are commonly asked questions that everyones needs to answer before applying for Social Security.
Do you know how your benefits are calculated?
What is the effect if you retire between 62 and 65?
What is the effect if you retire between 66 and 70?
How does Cost of Living affect benefits?
How are spousal benefits calculated?
How does divorce or widowhood affect benefits?
What happens to benefits if you continue working?
How does a pension affect Social Security benefits?
How will my benefits be taxed?
REQUEST OUR FREE REPORT FOR ANSWERS TO THESE QUESTIONS.
The report is not in electronic form. It will be mailed to you via USPS.