I was perusing the Analysis of the 2018 Social Security Trustees’ Report. This report claims "that the Social Security program faces a large and growing funding imbalance that must be addressed promptly to prevent across-the-board benefit cuts or abrupt changes in tax or benefit levels."
I'm not sure what conclusion to draw from this report. It would seem that action will need to be taken by the government to avoid cutting retirement benefits.
As a follow-on to this question, it would seem that effective income tax rates would be the logical way the government would try to fix the deficit?
I'm trying to decide if it's better to contribute pre-tax or post-tax (ROTH) dollars to a retirement plan in light of this report. Basically, will income tax rates increase in the future?