401kRollover Blog

The Social Security program has been underfunded for decades after being raided repeatedly for funds going to other programs, but a surprising number of Americans still rely on Social Security in their later years. According to a recent health and retirement study by the Social Security Administration, 60% of individuals aged 65 and older rely on Social Security benefits for retirement funding. What’s more, one-third of retirees are completely dependent on Social Security to survive. If you trust your own ability to save more than that of the Social Security Administration, Like and Share this post.