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The Social Security Ponzi Scheme

The Social Security Ponzi Scheme

We think of Ponzi schemes as the pyramids of money not being invested as promised but flowing out to pay bogus investment returns to people who invested earlier. Charles Ponzi’s more recent fellow fraudster, Bernie Madoff, graced tabloids just a few years ago. Similar schemes are active today. Could one of them be Social Security?

Ways to Make Your Money for Retirement Last

Ways to Make Your Money for Retirement Last

“Full retirement age” for Social Security benefits is creeping up to 66 or 67 and the age at which traditional IRA and 401k benefits must be taken was just extended from 70 to 72 by the SECURES Act. The average American retires with Social Security and $172,000 in savings. The question is, what will make your money last?

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