There’s a recurring theme in the media that Social Security will not be around for much longer. Anytime SS makes the news cycle for any reason, multiple discussions pop up about why it’s doomed. According to a 2015 Gallup Poll, over half of the working public expects to receive zero dollars from Social Security. Especially within early retirement circles, there seems to be a misguided badge of honor to plan a retirement without any SS payments. For a bunch of people who analyze numbers and build spreadsheets for fun, I find it dumbfounding that any of them would voluntarily decide to ignore all pertinent data and plan for zero. Especially because the result of ignoring Social Security is several extra years of unnecessary work. I’m not sure whether this is rooted in general anti-government sentiment or simply good old fashioned pessimism, but the idea of collecting nothing is completely unfounded.
Feeling Social?