This will depend a great deal, of course, on your age and
your own amount of faith in our political system. For my part, I do not think that
these programs will still be there (at anything like their current levels) when I reach
the age of eligibility.
By coincidence, I happen to be at
the correct age that I would reach my "full retirement age" in the very year that Social
Security is projected to become insolvent by some analysts. That year is 2037. I
seriously doubt that the Congress will be willing to increase the payments that people
have to make by enough to cover my benefits at the levels that current recipients now
get.
Since I am a bit more than 25 years from reaching
Social Security age (and about 23 from reaching Medicare age) and because I doubt that
politicians will be allowed to increase contribution levels, I cannot really see how the
current level of benefits could possibly be given to retirees from my age
cohort.
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