Going Broke Even Faster Than Expected

Are you depending on Social Security and Medicare for your retirement?

You might want to rethink that plan. These government retirement programs are going broke even faster than expected.

For the first time since 1982, Social Security will have to dip into its $3 trillion trust fund in order to cover benefits this year.

In other words, the program’s expenses will exceed its revenue. Analysts knew this was going to happen, but it happened three years earlier than they projected just last year....