What will you do when social security runs out?
Lately we have been hearing in the news that Social Security will go broke. The question is when. What will you do? Right now Social Security accounts for about 1/4 of my income. The more you depend on Social Security the more you will be hurt when it goes broke. President Obama suggested we raise the cap on Social Security so the better off should keep paying into it regardless of how high their income might be. It’s time to start thinking about a life without Social Security. My plan is to keep paying down on my debts until I can survive without Social Security. The Stock Market has helped me in the past. I hope to catch the Stock Market on the upswing. I would like to save enough to buy another rental property but that seems like a long way off. I am an optomist. I have been broke and have had to start over with nothing. I am sure I will survive without Social Security should it fail. People lived without Social Security before the New Deal. How about you? What will you do?