You’ll Never Believe What’s Become of All Your Social Security Funds

This is a syndicated repost courtesy of Money Morning – We Make Investing Profitable. To view original, click here. Reposted with permission.

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About 60 million people, or more than one in every six U.S. residents, relied on Social Security benefits just last year alone, according to the Center on Budget and Policy Priorities.

You see, the Social Security Trust Fund is more than just a retirement program. It provides important life insurance and disability insurance protection as well.

But the fund every retiree is relying on is not what most Americans believe it is…

The brutal truth is this $2.85 trillion fund, which is supposed to keep the Social Security program solvent until the year 2033, has no money in it whatsoever.

In fact, former President George W. Bush confirmed this in April 2005.

If you or someone you know is planning to retire on Social Security alone, you need to watch this:

 

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The post You’ll Never Believe What’s Become of All Your Social Security Funds appeared first on Money Morning – We Make Investing Profitable.

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