In an article I wrote last week to open our special coverage on Social Security, I mentioned Ida May Fuller. Fuller retired in late 1939 and became the first ever recipient of federal benefits. She was 65. But Fuller, unlike most 65-year-olds in 1939, lived another 35 years to the ripe old age of 100. A statistical outlier, to be sure, she is cited by some today as the crux of the Social Security problem.

We maintain that the Social Security System will be a significant source of retirement income for anyone over the age of 40. And it most likely will continue for decades, provided it gets tweaked and changed along the way. But that’s an important caveat. It needs to be changed.

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