Where Does Social Security Fit Into Your Retirement?

This Element is an excerpt from Save Your Retirement: What to Do If You Haven’t Saved Enough or If Your Investments Were Devastated by the Market Meltdown (9780137029006) by Frank Armstrong, III and Paul B. Brown. Available in print and digital formats.

A clear-eyed view of the future of Social Security and what it means to you…

Will Social Security be around to augment your retirement? Yes, but with qualifications. It’s certainly in real trouble, but it’s here to stay. The question is: “In what form?” Our best guess is that if you are 10 or fewer years away from when you’ll stop working, your benefits will probably be unaffected. If you’re more than 10 years away, though…