Posts Tagged ‘solvency’

“According to the Social Security Board of Trustees, the Social Security disability insurance trust will be completely depleted by 2016. This dire situation led the trustees to state in their summary that ‘more far-reaching legislative measures are required to maintain the solvency of Social Security relative to Medicare’….Regardless of how things play out, it’s clear you cannot and should not rely on government largesse to secure your retirement. And saving money in tax-advantaged accounts is critical… Because whatever solution is found… you can be sure your tax bill will go up as a result. There’s no other choice.”

-Sean Goldsmith and Dan Ferris