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Basically, it would mean workers having more control over their money and retirement investments.
However, said McClosky, that also means they take on more risk.
Who pays if they age out of the workforce?
After all, the entire point of Social Security has always been as a safety net for elderly.
So, What Should You Do?
If you are nearing retirement age, there is likely not much you might do.
If you are young, however, take action now.
That was the advice from each expert.
McClosky agreed, adding that its vitally important to begin saving early and diversify.
The future is not certain, especially when it comes to Social Security.
**Names in this article have been changed for privacy.
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