Have you started saving for retirement? If you haven’t, you may be in trouble. The 2018 Social Security Board of Trustees report found retirement funds will be depleted by 2034. That means all the money you’ve paid in taxes will be gone. You won’t see a dime. President Franklin D. Roosevelt started the benefits program with the Social Security Act of 1935. Reports show it won’t live to see its 100th birthday. The total annual cost of the program is projected to exceed total annual income in 2018. That means more money is being taken out than is being paid in. If Congress does not act soon, there will be no funds left to pay retirees. Translation: you better have a backup plan if you will retire after 2034. How could this happen? Economists and Congressional watchdogs blame Congress. They say money has been siphoned out of the Social Security system for years for other government spending. Presidents as far back as Ronald Reagan in the 1980s warned this would happen and unsuccessfully proposed that Congress enact laws to allow Americans to set up their own independent retirement plans.