Social Security and the 2033 Question
Social Security is likely part of your retirement plan—but how much can you actually count on it? And when should you start taking benefits? The answers depend on understanding what Social Security really is, how it works, and where you are in life. Some observations: In Fleming v Nestor (1960), the Supreme Court ruled that Social Security benefits are not an “accrued property right” or contractual obligation. Paying Social Security taxes does not grant a worker a legally binding entitlement to receive specific benefits in the future. Social Security has always been “pay as you go,” meaning benefits were paid [...]