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From social security to inheritance: how to objectively assess the retirement savings and income you'll actually have.
"I expect Social Security benefits will pay out for me--I'm not affected by the changes that have been made." Actually, rising eligibility age and the taxing of benefits are already greatly reducing take-home income. Social Security will be a less important source of income for each successive generation. Benefits are under pressure, and their future viability is debatable....
If you liked this Element, read more from James W. Walker and Linda H. Lewis, including Work Wanted: Protect Your Retirement Plans in Uncertain Times (ISBN: 9780132354646).
Available in print and digital formats.