In the last several months you may have seen news headlines announcing that the Social Security program will be insolvent by 2033. This could be alarming if you're planning to retire, but it doesn’t necessarily have to be. While news of Social Security’s potential lack of funding is a real concern, it’s important to remember that “insolvent” is not the same as “bankrupt.” In this case it means that there is not enough money available to meet all of the program’s obligations. If nothing is done to fund the system at current levels, it is estimated that the program will be able to pay only 76% of what is owed to retirees beginning in 2034^[1].