FAQ S.S - Some ideas we jotted down the other day are:...

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Some ideas we jotted down the other day are: where is our money actually going? should social security be privatized?, what are different candidates views on S.S? what are alternatives to S.S? What can we do to make sure we are safe money wise in the future? Why should our generation in specific be worried about S.S? Q: Are monthly payments going to be cut from present retirees who have social security? A: No, there are no plans to cut benefits for current retirees. In fact, benefits will continue to be increased each year with inflation. Q: Is it smart to rely on social security alone for retirement income? A: No. Social Security was never meant to be the sole source of income in retirement. It is often said that a comfortable retirement is based on a "three-legged stool" of Social Security, pensions and savings. American workers should be saving for their retirement on a personal basis and through employer-sponsored or other retirement plans. Q: If Social Security is not changed, what will happen?
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This note was uploaded on 04/30/2008 for the course WRT 104 taught by Professor Magnuson during the Spring '08 term at Rhode Island.

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