Here’s a Way to Save Social Security and Defer RMDs

A glass jar labeled with the word Retirement sits on a table framed by a Social Security card.

While Social Security benefits are not going away, there are concerns about the system’s solvency. In fact, according to a 2022 Nationwide Retirement Institute survey, 70% of Americans worry that the Social Security program will run out of funding in their lifetimes. And these worries may have merit. If the assumptions of the trustees of the Social Security and Medicare trust funds are correct, by 2034, Social Security will be able to pay out only 77% of scheduled benefits.

Social Security Optimization If You Save More Than $250,000