A perfect storm combination of eroding Social Security trust funds, high unemployment and a flood of baby boomers all hitting retirement age at the same time will put enormous strain on the system for the next two decades and result force retirees and their advisors to come up with alternative retirement income plans and strategies to make ends meet.
This week, the Social Security Board of Trustees in its annual report to Congress warned that current Social Security trust funds will be exhausted in 2036, one year earlier than it predicted just last year.
