Social Security is projected to run out of reserves in 2035, according to the latest projections. In this video, Certified Financial Planner® Matt Frankel discusses what this could mean for you and what it would take to fix Social Security for the foreseeable future.
Social Security is just over a decade away from having a $0 balance. Here's what that could mean for you.
About the Author
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst and personal finance expert covering financial stocks, REITs, SPACs, and personal finance. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, The National Desk, and other TV networks and publications for his financial, stock market, and investing expertise.