Is Social Security Going Broke?
Contrary to common belief, Social Security cannot go broke. The program is designed as a "pay-as-you-go" system, meaning most benefits are funded through payroll taxes collected from current workers and their employers. While the program can face periodic funding shortfalls, it will not run out of money as long as payroll taxes are collected.
Common Misconceptions
Many people incorrectly believe that claiming Social Security Benefits early is always the best financial solution. However, at Sensible Social Security, we dig deeper to help you understand when the optimal claiming age occurs based on your circumstances and goals.
