Social Security Cuts Are on the Table. Do These Things Now to Prepare
The latest report from the Social Security Trustees confirmed a scenario that has many people worried: The program is facing a major financial shortfall that could force it to slash benefits come 2035. That's the year Social Security's trust funds are expected to run dry.
Once benefit cuts are implemented, seniors could see more than 20% of their Social Security income disappear. And that's a scary thought. As such, those who are reliant on Social Security now should take steps to prepare for what could be a substantial reduction in benefits. Here's how.
Image source: Getty Images.
Source Fool.com
