Myth: Social Security will be completely bankrupt by the time I retire.

Fact: While Social Security faces long-term financial challenges, it is not projected to run out of money entirely. According to the 2025 Trustees' Report, Social Security can pay 100% of promised benefits until around 2033. After that, it is projected to be able to pay about 83% of scheduled benefits if Congress takes no action. This means you will likely still receive a significant portion of your benefits, though legislative changes may be necessary to ensure full funding.

Myth: My employer's 401(k) or 403(b) is all I need for retirement savings.

Fact: While employer-sponsored plans are excellent tools for wealth accumulation, relying solely on them can expose you to market volatility and sequence of returns risk. A micro-pension strategy complements these plans by building diversified, income-generating assets that provide more stable cash flow in retirement, reducing dependence on selling off your principal during market downturns. It's about diversifying your income sources, not just your investment holdings.

Myth: You can't contribute to retirement accounts after age 70½.

Fact: This rule changed with the SECURE Act of 2019. As of 2020, there is no longer an age limit for making contributions to traditional IRAs, provided you have earned income. For 401(k)s and Roth IRAs, there has never been an age limit for contributions as long as you have earned income. This allows individuals who continue to work in retirement to keep saving and growing their micro-pension assets.

Build Your Micro-Pension: Diversified Income for Retirement…