The system of Social Security is based on young working people paying taxes to support older retired people- The dependency ratio is the number of workers to retirees- Forty years ago it was workers for every one retiree- What will happen to this ratio by the year 2048?

Retirement planning refers to financial strategies of saving, investments, and ultimately distributing money meant to sustain oneself during retirement. Many popular investment vehicles, such as individual retirement accounts (IRAs) and 401(k)s, allow retirement savers to grow their money with certain tax advantages.