Riverton

Baby Boomers - Will They Bankrupt Social Security?

The First Baby Boomer Files For Social Security

Can you believe it’s here? We’ve been talking about it for years and speculating on the impact it will have to our retirement and our economy. And now it seems to have crept up on us? Is this the beginning of the proverbial “run on the bank”?

What will the impact really be? Forecasts are that within 10 years Social Security will be paying-out more than is then paid-in. and in 35 years will be bankrupt! When will there be a serious attempt to make whatever changes must be made to make sure the social security stays around for all of us who have paid-in and modified to whatever must happen for future generations as well? They should not have to pay for our screw-ups!

For some interesting additional links on Baby Boomers check out the following:

What is a Baby Boomer?

US Census Bureau Baby Boomer Facts

First Baby Boomer turned 60 years old

Enough with the fun stuff! What does this mean to us here and now?

Yes we are going to see a barrage of media, articles, blogs, and more opinions than you can imagine. We will need to sift through the opinions and determine what the best personal financial moves are to secure our own retirement.

Here is a link to Brian Brady, Americas Mortgage Broker. I like his take on most mortgage issues. He keeps a pretty close watch on market indicators and conditions and presents his opinions well.

I recommend any to follow his posts. I know I will.

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