From middle-aged wage earners to current retirees, just about everyone is eager to know what they can expect of Social Security in the coming years. People are living longer lives and requiring longer-term sources of income, yet rising health care costs, government deficits and a still-shaky economy could jeopardize their retirement prospects.
Despite the consistent media attention over benefits reductions and opt-out programs, however, it looks like Social Security is here to stay for a while. Still, experts agree that it will have to undergo a few changes in order to remain viable.
This article, written recently by David LaMartina for ThinkAdvisor.com, highlights some of these impending changes as it considers the opinions of several financial planning experts (among them, Anthony A. Saccaro, ChFC).