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Episode 053: JL Collins on the simple path to wealth, host Rick Ferri

Bogleheads On Investing Podcast

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Is Social Security Going Away?

For people over 50, Social Security is not going away. There are just way too many people in this country who that's all they have. But for younger people, if you want to calculate in a 20 or 25% reduction in what you would get today, I think that's reasonable. And it could be very likely that people like you and me 30 years from now hitting their retirement might indeed have no Social Security.

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