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22                                    Don’t Make Me Say I Told You So




            Summary



               ►   Social Security will almost certainly be around to pay
                  benefits to anyone old enough to read this book.


               ►   The age at which someone can receive “full” Social
                  Security benefits is already being phased in to 67 for
                  those born in 1960 or later.


               ►   Taxes will go up in the future to pay for any deficit in the
                  Social Security system. Let me say that again: TAXES

                  WILL GO UP.





            1  Social Security and Medicare Boards of Trustees. “A Summary of the
            2013 Annual Reports.” http://www.ssa.gov/oact/trsum/index.html

            2  Social Security Administration, 2019

            3  Social Security Administration. “The 2013 OASDI Trustees Report.” http://
            www.socialsecurity.gov/OACT/TR/2013/

            4  U.S. Census Bureau. “Selected characteristics of Baby Boomers 42-60
            years in 2006.” http://www.census.gov/population/age/publications/
            files/2006babyboomers.pdf
















                                 Chapter 1: The New Retirement
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