Oh NO! Social Security surplus is GONE! First year this has happened. It is being attributed to the recession. With so many layoffs, employees have taken early retirement by accepting a "golden hand shake" or by having no choice.
This crisis was coming but it was rushed by the recession. So, the question is "now what"? A social security bail-out is inevitable. And they may raise the retirement age again. If medical technology can keep us alive an extra 10 years, we should be able to work an extra ten, right?
Where does all this bail-out end?
Ann Sabbagh
Vice-President
Seacoast Mortgage Corporation
401-305-6906 or 508-243-1190
Residential & Commercial Financing
MLO10920
"When you choose me as your mortgage consultant, you also choose a financial planner who cares about YOUR financial strength."
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