... The government has borrowed from the Social Security fund throughout the years and now the time has come to pay the piper. The key problem is that Social Security will pay out more benefits than it has received in payroll taxes this year, and this is expected to continue into the next few years. In fact, according to many economists, Social Security is expected to regularly operate with an annual deficit in the foreseeable future.
As a result, it appears that changes to the Social Security system are inevitable. The government may have no choice but to postpone the age at which people qualify for Social Security benefits.
Since the social security age is out of your control, here are three ways to prepare...
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