Successful people rarely bet. Certainly not in a big way.
And certainly not when it comes to their lifestyle and security in retirement.
Relying on the government and Social Security to provide anything other than a minimal part of your retirement income and security is…
well…
…betting.
To me, it’s like buying a lottery ticket as my plan for the future.
Many changes are coming to Social Security that makes it a risky bet for retirement planning. What changes? Nobody knows. It’s in the hands of future politicians.
Among other things, you may soon have to wait until you are older to get benefits, and the cost-of-living increases may be reduced.
The message here is crystal clear. Don’t gamble by making Social Security a big part of your retirement security.
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