This is very disturbing that social security is set to exceed its income in 2020. What does that mean for all of us paying in? To be honest, I am not quite sure, but one thing I have always stated is that I will not rely on the government for my retirement.
**UPDATE** Furthermore, we are also told that the Social Administration will need to dip into reserves starting in 2020 and they will be exhausted by 2035. This is not good at all!**
What this headline does do is draw a lot of attention to the issue. Maybe we will finally be able to have a system where you are able to opt-out of social security and put your money away as you see fit. That would be ideal, but if too many people opt-out the system will implode.
America has some very real structural issues in many of these social programs and we are finally starting to see them for what they are. I for one would like to opt-out. I think it is finally time to let us opt-out of social security and take care of ourselves like full-grown adults.
about the author: About the author: My name is Anthony Davian and I am from Cleveland, Ohio. I was formerly known as the idiot @hedgieguy. I am a recovering hedge fund manager and serial entrepreneur. My passion is working with start ups.