Special Report: How To Survive The Death of Social Security

If you’ve ever had a conversation with friends, coworkers, or family about politics and voting, you’ve probably heard the typical, “I don’t vote. It doesn’t affect me.” In some ways, there is merit to this statement. However, there is one very big way (especially in 2016) that millions of Americans will be directly affected by the outcome of the elections, and that’s in terms of retirement.

Let’s not beat around the bush here. For the millennials, Social Security will be non-existent. It’s an unfortunate fact, but it’s true. For individuals under 55, 401(k) and Social Security benefits will not be enough to sustain any quality of life during retirement.

As it currently stands, Social Security will only be able to provide full benefits for the next few years.

In 1950, each retiree’s Social Security benefit was paid for by 16 U.S. workers.  But now, things are much different. According to new data from the U.S. Bureau of Labor Statistics, there are now only 1.75 full-time private sector workers for each person that is receiving Social Security benefits in the United States.

As the population continues to age, the number of Americans drawing from the Social Security trust will also grow---an expected increase of 35 million by 2035.

By 2050, there will be almost 90 million senior citizens living in the United States. If you will be one of them, then now is the time to get concerned.

The only way for the Social Security system to survive is for the fund to start earning robust interest. Unfortunately, the average rate of interest earned by the Social Security trust fund continued to drastically decline. There is little hope of change, as the Fed continues to keep interest rates so low.


A recent Forbes article reads, “The 2015 Trustee’s Report estimates that the current Social Security system is not generating enough revenue to stay in balance past 2033.

Another economist (who accurately predicted the market collapses of 1999 and 2007) publicly stated, “We could see the end of Social Security as soon as 2016, and there is nothing President Obama, Congress, or any other government agency can do to stop it.”

In a report to Congress about the health of the Social Security Trust Fund, it is revealed that, “Social Security’s Disability Insurance (DI) Trust Fund now faces an urgent threat of reserve depletion, requiring prompt corrective action by lawmakers if sudden reductions or interruptions in benefit payments are to be avoided.”

For individuals receiving Social Security Disability, expect a 20% cut at minimum in the next year.

When the fund is exhausted, which will likely occur in the next decade or so, the law requires all benefit payments to be cut by 25%. 72 million Americans will feel the impact of this.

If you agree with 70% of people in this country, you believe that retirement policy should be a priority for lawmakers. Unfortunately for American workers, proposed solutions to the crisis have included raising the age at which Americans can receive full benefits, and adjusting benefits based on income.

Either way, Americans workers are on the losing end. That’s why we’re urging our readers to seek alternative, even unconventional strategies. Let’s stop depending on the swamp (literally and figuratively) that is Washington D.C., and take retirement wealth into our own hands.  

It doesn’t matter how old you are, or what your existing retirement plan is. 2016 will impact your retirement for the worse. The real question is how you plan to retire with dignity, before you’re in your late-70s and unable to enjoy it.

For the sake of planning, let’s play it conservatively and assume that Social Security will not exist when you need it. (Even if it does exist, the average payout is equal to working full time at a minimum wage job.)

Navigating a world without Social Security will take some savvy, but with enough information and planning there’s no reason that even the most amateur investor can’t experience a more than comfortable retirement.

The first step is saving. It probably sounds basic, but spending less than you earn is crucial. At the risk of sounding insulting, the discipline this requires might be difficult for the millennial generation. However, if you’re going to take your financial future into your own hands (and you need to), then it’s necessary at any age.

If you need some incentive, check out the table below. It shows the number of years it will take an investor to amass $1 million, depending on returns and monthly contributions.


Even with just 2% returns in the long run, you can be a millionaire by the end of your career.

The next step is developing a healthy, diversifed portfolio. That's what Wealth Daily is here to help to do. 

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The Wealth Daily Research Team

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