This is one of the most common questions I’ve received over the past 15 years. It’s a question that has echoed across kitchen tables, financial planning meetings, and retirement seminars for years and understandably so. With widespread concern fueled by headlines and projections, many Americans fear that the system may be on the brink of collapse. However, while Social Security does face long-term funding challenges, the narrative that it is going bankrupt and will cease to exist is both misleading and incomplete. A closer look reveals a more nuanced reality—one grounded in historical precedent, financial mechanics, and the ongoing importance of Social Security in the lives of millions of Americans.
The information provided herein is from Brian Doherty and does not necessarily reflect the views of New York Life Investment Management LLC or its affiliates. Brian Doherty and Filtech are not affiliated with New York Life Investment Management LLC.
This material is intended to be educational and informative in nature; is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment. The information discussed is strictly for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy.