If you are gearing up for retirement, chances are you have seen the headlines. Earlier this June, the trustees of Social Security and Medicare published their annual reviews of both programs. And, at first glance, their news isn’t good.
The trustees acknowledged the programs face funding challenges. But that is a far cry from them being completely emptied. Even so, it wasn’t long before the Internet was flooded with alarmist headlines on the outlooks for Medicare and Social Security. As we will see in a bit, even some prominent news organizations had a few of the critical details wrong.
Like many people, you may have thought at some point: “Will Medicare and Social Security be there when I retire?” It’s a legitimate question, especially considering how you have paid into these program funds for your entire working life.
Let’s try to get to the bottom of these worries—and clear up some confusion—by consulting the latest research and findings on the one issue that affects every American who plans to retire one day.
