The reports of Social Security's demise are greatly exaggerated, according to the 2013 Trustees Report on Social Security, which reported that the system will still be able to pay three-fourths of today's young adults' projected retirement benefits even if nothing is done to shore up the program. Financial commentator Michael Kitces discusses the real deal on the state of Social Security, and how it should affect the advice financial planners give to clients. The CPA's Guide to Social Security Planning, by Ted Sarenksi, CPA/PFS, is available free to PFP/PFS members and for sale to nonmembers.

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