You’ve probably seen headlines warning that Social Security will “run out of money” in the 2030s. It’s the type of headline that spreads fast—and causes unnecessary anxiety for retirees and workers alike.
The truth is far more stable: Social Security is not going bankrupt. It never has been, and it isn’t on track to disappear. However, like many large federal programs, it does need adjustments to remain fully funded for future generations.
In this months The Road to Ready article, we’ll break down why Social Security isn’t going away, what could change, and why your personal retirement savings, especially your 401(k), still play a critical role.