Prepare for potential 22% cut in Social Security benefits
- 1The Social Security Board of Trustees stated that benefit cuts could occur by the end of 2032.
- 2Benefits could be cut by 22% if the Social Security fund is exhausted.
- 3It is helpful to assume only 78% of benefits will be paid when planning for retirement.
So what's the key point?
The Social Security Board of Trustees stated that benefit cuts could occur by the end of 2032.
Source The Motley Fool · View original ↗
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