Senior Citizen Poverty Could Double in the Next Ten Years
We hope you are not relying on a pension plan for your golden years. And that goes for Social Security, too.
Private pension plans like 401(k)s have taken a beating in this market. And Social Security gets iffier by the day. In fact, the Congressional Budget Office now says that the Social Security “trust fund” will be drained dry by 2033.
That’s too close for comfort. That’s why you need to turn to gold and silver for retirement planning.
To be more specific, the CBO now projects that the Old-Age and Survivors Insurance Trust Fund would be exhausted in 2033 and the Disability Insurance Trust Fund would be exhausted in 2048. If the two trust funds were combined, the exhaustion date would come in 2033.
As we say, much too close for comfort.
Congressman David Schweikert points out that we are on track to double senior citizen poverty in the next ten years.
It is not pleasant, but you should watch this video of Schweikert’s recent House presentation of our fiscal picture… and then speak to an RME professional today to learn how you can protect your financial future.