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However, it relies on a rather straightforward transfer and does not depend on an exponential growth credit check free online New York of new participants to be sustainable. What I pay into Social Security today credit check free online New York goes straight to a credit check free online New York current retirees Social Security check. When I retire, my paycheck will be supported credit check free online New York by a younger workers credit check free online New York taxes. The problem is, that the ratio of workers to retirees is getting rather low. In 1950, there were 7.3 working-age people for each person over 65; now, the ratio is 4.7 to 1, and it is scheduled to drop to credit check free online New York 2.7 to 1 by 2035. [Source] Since people are living longer as well, the reality is that for a 30-something like me, the math works out that there is credit check free online New York little chance that we will get the same level of relative benefits that current retirees get. online credit score However, there will be no sudden Ponzi-like implosion. Now, the government could smooth this transition out even more if they do the hard thing and do some combination of higher taxes, extending retirement ages with higher life expectancy, or lowering benefits. But politicians are usually reactive as opposed to proactive, so dont count on it. Thats too bad, because people are more dependent on Social Security than ever. 70% of credit check free online New York all eligible folks cant even wait until 65 to start taking benefits, many as early as 62, credit check free online New York even though that means lower payments and likely a lower total benefit. free credit reports once a year This is why in general financial experts say you should wait as late as possible to get a higher payment for the credit check free online New York rest of your life. Take this analysis via this WaPo article: Consider an average-wage two-earner couple together earning $89,000 a year. Upon retiring in 2011, they would have paid credit check free online New York $114,000 in Medicare payroll taxes during their careers. But they can expect to receive medical services including prescriptions and hospital care worth $355,000, or about three times what they put in. [...] The same hypothetical couple retiring in 2011 will credit check free online New York have paid $614,000 in Social Security taxes, and can expect to collect $555,000 in benefits. Find more in Insurance, Retirement | 9/16 | 53 Comments I dont usually post market forecasts, but I just wanted to jot this one down for posterity. free canadian credit report

Jack Bogle, founder of Vanguard, is interviewed in a WSJ article Why a Legendary Market Skeptic Is Upbeat About Stocks where he makes a prediction of 7% annual returns for stocks for the upcoming decade. He correctly predicted 10%+ gains for the 1990s, and also low single-digit returns for the 2000s.