3 Ways You Can Protect Yourself From Social Security Cuts

Social Security is not on the verge of going bankrupt. You may have heard rumors to the contrary, but it's important not to buy into them.

That said, Social Security isn't in the best place financially, either. In the coming years, the program expects to owe more in benefits than it collects in revenue.

Social Security can tap its trust funds to keep up with its financial obligations for a period of time. But once those trust funds run dry, benefit cuts will be a big possibility.

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Source Fool.com