Will Social Security run out of money before you retire? What about Medicare? There’s not much good news regarding the Social Security and Medicare trust funds, which help pay for these benefits. But relax; you should know that neither program is expected to stop paying benefits altogether, no matter when the trust funds turn insolvent.
The trust funds are primarily funded by current tax payments. So, unless everyone stops working and paying taxes, beneficiaries will continue to receive some Social Security benefits and Medicare coverage.
This post originally appeared at Kiplinger.