Should I Worry About Social Security?

You will get a Social Security check when you retire.

If you doubt me, look around and count the votes. How many among us would vote to abolish Social Security’s safety net? What would be the future of any politician who tried? There’s a good deal of talk about privatizing Social Security, leaving beneficiaries to invest for themselves. But I wouldn’t take bets on that especially after the 2008 stock market collapse.

Nevertheless, Social Security probably won’t be worth as much when today’s fortysomethings retire as it was in the past. You’ll still get rising benefits, but they may replace a smaller percentage of your working income than they do today. That’s why it’s so important to save more money for yourself. You won’t get quite as much out of Social Security as your parents and grandparents did.

But trust me, what you’ll get, you’ll need.

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