Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Here's How Much Your Social Security Benefit Might Plunge in 11 Years, and 1 Way to Supplement Your Retirement Instead

TheMotleyFool

0 0

Here's How Much Your Social Security Benefit Might Plunge in 11 Years, and 1 Way to Supplement Your Retirement Instead: https://g.foolcdn.com/editorial/images/778079/social-security-cards-6_gettyimages-184127461.jpg

Millions of retired seniors get monthly benefits from Social Security. But in about 11 years' time, those benefits have the potential to get cut in a serious way. There's really no beating around that bush. However, with some savvy planning on your part, Social Security cuts don't have to be a problem for you.

Social Security gets the bulk of its revenue from payroll taxes. But in the coming years, a huge number of older workers are expected to exit the labor force, thereby denying the program the revenue it needs to keep up with scheduled benefits.

Image source: Getty Images.

Source Fool.com

Like: 0

6273e2ae-16a4-4019-8bcd-fa40e67d617a

Share