Tag: Social Security finances
I have a client who is nearing retirement as a self-employed gardener. At age 67, she doesn’t have a massive amount of retirement savings. But she has paid into Social Security her entire working life, and her projected benefits are expected to cover more than half of her expenses in retirement. Overall, Social Security accounts…
Social Security is really important for older Americans. Every now and then, I am asked how dependent people are on Social Security. That’s actually an important question, given recent proposals for restructuring the program and concerns that the program is simply too big. Fortunately, the Congressional Research Service recently reported on the importance of Socia…
