Will Social Security Outlast the Last Baby Boomers?

By Boomeryearbook.com

In 2007, the first baby boomer, Kathleen Casey-Kirschling, signed up to receive her Social Security payments. She is the first on a long list of approximately 80 million Baby Boomers to take this step. In about a decade, Social Security will begin to pay out more than it collects and in about 35 years the system is expected to become completely bankrupt if nothing is done to forestall this seemingly inevitable outcome! There are only a few ways to change this outcome, raise taxes, cut benefits or both. Until that decision is made, however, it is important for you to know how you can begin collecting your payments soon.

Know How.

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