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GOBankingRates
GOBankingRates
Laura Bogart

Why Relying on Social Security Is a Risky Bet — and How To Build a Backup Plan

Jacob Wackerhausen / iStock.com

Traditionally, Social Security has been considered a pillar of retirement planning — at least for your parents and grandparents. But for the generations nearing retirement today, relying on Social Security no longer feels like such a safe bet. Headlines warn that the Social Security trust fund reserves could face a funding shortfall by 2033, potentially leading to reduced benefits for recipients.

For You: Here’s Why You Might Want To Invest Your Retirement Savings in a Roth 401(k)

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