Time to cut through the rhetoric, the nonsense about a surplus and plenty of money o improve benefits. Time to demand Congress do its job and fix Social Security as the Trustees have been urging for decades.
The core of conventional retirement planning is this: Save, invest intelligently, work as long as is practical and — if those measures aren’t enough — learn to live on less. For decades, those have been the big levers that the typical person can manipulate to plan for the future.
But there is something else you can do. It has rarely been part of mainstream discussions of personal finance, which I deeply regret. It is time for you to get political, and to start thinking of activism as a behavior equal to saving and investing.
This isn’t just my belief: It is the view of a range of experts who argue about many things, but agree on the need for people to start thinking — and acting — differently about personal finance.
Let me explain why. The best thing most Americans can do to improve their financial prospects in retirement is to insist that Social Security is made financially solid. A
Source: New York Times June 21, 2019