The next bear market in stocks will spark a retirement crisis

2018-07-05T12:10:18-07:00July 5th, 2018|Categories: Retirement|Tags: , |

A recession could decimate even substantial retirement portfolios, and Social Security and Medicare are facing shortfalls Almost lost amid the torrent of recent news was a sobering item that will surely have far-reaching consequences. The U.S. government announced that for the first time since 1982, it is tapping into Social Security trust funds (https://www.wsj.com/articles/the-social-security-trust-fund-goes-bust-1528411768) to pay current benefits to recipients and it is dipping into Medicare's reserves to cover the costs of that program. The trustees also projected that [...]