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Please be our guest for an evening of great food, interesting people, and informative advice.
It’s a fact that very soon Social Security will begin paying out more in benefits than it receives in contributions. The baby-boom generation will begin to enter into retirement and that doesn’t bode well for people in the 50s or older.
The government’s official position is that there is enough money saved to pay benefits at the currently scheduled amounts until 2041. The Social Security Administration admits on its Web site that benefits will likely be reduced after that, barring changes that improve the financial strength of the system.
There are critics of this system that say benefits could be at risk as early as 2016 or 2017, when Social Security cash flow turns negative. They suggest that since the money paid in over the last few decades is part of the government’s overall budget, and exists only on paper. SOme critics propose that other branches of the government have spent it and left IOUs. The bottom line: in order to pay benefits through 2041, the government would have to borrow more money.
We have some ideas on how ordinary people can plan now for a better quality of life in retirement later. It is not too late, it doesn’t have to involve high risks, but you do have to start planning right now.
These workshops are terrific! Vito never sells, he just provides insights that have been very helpful in planning for our retirement.
We hope that you will join in this conversation, November 7th, at six-thirty pm.
Reservations are required – Seating is Limited, so RSVP today.
Mountain View Chalet Restaurant
154 Route 173
(Exit 11, off of I-78 West)