Social Security has long been the backbone of American retirement, and many working Americans look forward to the day they can sit back and enjoy collecting Social Security checks. But Social Security was never meant to fund 100% of retirement expenses, and in the future, it may fund much less.
Check Out: Cutting Expenses for Retirement? Here’s the No. 1 Thing To Get Rid of First
Try This: 5 Low Risk Ways To Build Your Retirement Savings in 2025
The most recent report from the Social Security Trustees indicates that the Social Security Trust Fund will be depleted by 2035, meaning a reduction in future benefits is likely unless lawmakers take measures to avoid this.
Regardless, to enjoy a fully funded retirement, supplemental sources of income are usually required. Here are a few of the best options.
This article originally appeared on GOBankingRates.com: 10 Social Security Alternatives That Will Make You Money in Retirement
