Regarding the future of Social Security, Hungerford said, “If Congress does nothing after 2034, the payroll coming in will cover 75 percent of benefits. I suspect they will do something well before.” He then joked maybe six months before.
“Congress is a very partisan place today. I don’t see anything happening in the next year,” said Hungerford.
Want to get the research?
Marc S. Freedman, president of Freedman Financial, Inc., who hosted the press conference, said the information is available at… AARP.org/SocialSecurityPlanning.
Also go to fpa-be.org for more information.
Lastly, there are various tools at ssa.gov.