Reported about 12 hours ago
The Social Security trust funds are facing significant challenges, prompting future retirees to rethink their retirement and savings strategies. In a recent discussion, Michael Conrath from J.P. Morgan Asset Management emphasizes the importance of planning for possible reduced benefits by 2034, while also addressing how this may impact parents saving for both education and retirement. The conversation offers insights into avoiding common savings pitfalls and the considerations for deciding when to withdraw Social Security payouts.
Source: YAHOO