Social Security and Why We Truly May Be Facing a Retirement Crisis
Rosemarie Panico-Marino, AIF, Managing Director, The PrivateBank
February 25, 2016
Every year Social Security publishes its Trustee report on the funded status of the Social Security Funds. The numbers are concerning. Add this to the many published reports that Americans are facing a retirement crisis and the two create a concerning picture. Are we facing a crisis and, if so, what can we be doing to change the tide? As advisors, what are we communicating to our clients to encourage them to do more? Who will be responsible for the shortfall if we do have a crisis? How can we move employees to do more for themselves to help secure a comfortable retirement?