In conclusion, relying solely on Social Security as a retirement plan may not be the most prudent choice. The program was never designed to be the primary source of retirement income, and its future sustainability remains uncertain. By understanding the limitations of Social Security and exploring alternative retirement plans, individuals can take control of their financial future and ensure a secure retirement. Building a diversified retirement portfolio, investing in retirement accounts, creating passive income streams, and seeking professional financial advice are all strategies that can help reduce reliance on Social Security and Medicaid benefits.

Imagine downloading an app that will allow a person to disguise their voice over their own phone to make calls. The voice that this person uses can be the voice of a person’s child, parent or sibling. Now imagine this technology in the hands of a theft. With the evolving use of AI this is just a glimpse into the future of identity theft. As 11,200 American turn 65 years old per day in the US, the need for Senior services continue to rise.This daily aging rate is expected to last through 2027.Americans over 65 years old spend an average $5,445.00 per month on expenses.

As individuals near retirement age, ensuring a secure financial future becomes increasingly important. While Social Security may seem like a reliable safety net, it is crucial to understand its limitations and consider alternative retirement plans.

As the cost of living continues to rise and life expectancy increases, relying solely on Social Security benefits may result in financial strain during retirement years.

Moreover, there are concerns regarding the program's long-term sustainability. Demographic shifts and an aging population strain the funds, potentially leading to reduced benefits in the future. It is imperative to take control of your retirement planning now to avoid financial struggles later.