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Is Social Security going bankrupt? How does that Impact Me?

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How does Social Security Work? Is it "going bankrupt?" How does that impact my retirement?
As we move into political silly season, Social Security will become even more of a political hot-potato. Social Security garners lots of hot takes, not all of which are correct.
In this episode, my goal is to lay out:
How social security works...Where the program is likely headed.... and what that means for participants both now and in the future. Lastly, we will talk about how you should plan for social security, regardless of your income level.
Sources:
Any commentary is provided for general information and educational purposes only and should not be construed as specific investment, tax or legal advice. Instead, readers should make an independent assessment of the information and determine if any content mentioned is appropriate for their personal situation. Past performance of market results is no assurance of future performance. This information has been obtained from sources deemed reliable but is not guaranteed.
As we move into political silly season, Social Security will become even more of a political hot-potato. Social Security garners lots of hot takes, not all of which are correct.
In this episode, my goal is to lay out:
How social security works...Where the program is likely headed.... and what that means for participants both now and in the future. Lastly, we will talk about how you should plan for social security, regardless of your income level.
Sources:
Any commentary is provided for general information and educational purposes only and should not be construed as specific investment, tax or legal advice. Instead, readers should make an independent assessment of the information and determine if any content mentioned is appropriate for their personal situation. Past performance of market results is no assurance of future performance. This information has been obtained from sources deemed reliable but is not guaranteed.