Social Security is one of our largest well known pension programs. How did we get this national entitlement program and what are some of the ways we can plan around this in retirement? 34-year Social Security Veteran Ken Baron will break down some myths and help us uncover the mystery of Social Security.

Social Security part I

Why do Americans fear running out of money more than death? A recent Allianz survey found that 61% of Americans fear running out of money in retirement more than they fear death itself. The shift reflects structural changes: pensions have largely disappeared, 401(k)s placed the risk of retirement success on individuals, life expectancy has stretched, inflation has accelerated, healthcare costs are rising, and Social Security is on track for a benefit cut. The fear is rational — and the planning response is to build a multi-source income plan rather than to hope a portfolio alone is enough.

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Social Security part I

Social Security part I

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