This past Friday, the Social Security Administration released its annual Trustees' Report detailing the health of the Social Security system and its Trust Funds. And with each passing year, we inch closer to the date the Trust Funds run out of cash and benefits get slashed by about 25 percent -- and in some years, the date inches closer from the other direction as well.
If you start investing for the Trust Funds' worst-case outcome now, you've still got a chance to get through retirement comfortably. Twenty years is a reasonable timeline for an investment plan to work. Much less than that, and it gets very expensive to fund a decent plan. This Is Your Last Shot at Preparing for a Comfortable Retirement - DailyFinance