Social Security Benefit Cuts May Be Coming Soon. Here's How to Plan for Them.
Once those trust funds are emptied, Social Security may have no choice but to cut benefits universally. The most recent Social Security Trustees Report puts the timing of those benefit cuts at 2035, which is when the program's combined trust funds are expected to be depleted.
Trump's plan for Social Security will help baby boomers in the short term and cut benefits for anyone younger
Trump promised to cut Social Security taxes. Experts say the plan could slash benefits for low-income retirees and younger generations.
What to know about the House push to expand some Social Security benefits
It’s a quick turnaround to salvage what had been a bipartisan effort to pass the bill during what’s now the lame-duck post-election period of the Congress.
Saving for retirement? How to account for Social Security benefits
A good rule of thumb to figure out your retirement savings needs is to come up with an annual income you expect to need, subtract your annual Social Security benefit, and then multiply the remaining number by 25.
Trump’s plan to cut taxes on Social Security benefits may cost beneficiaries more in the long run
President-elect Donald Trump has had his eye on Social Security, but his latest proposal — to cut taxes on benefits — may not have the effect beneficiaries would want, experts said.
Experts warn Trump’s Social Security plans fragile
President-elect Donald Trump has promised to eliminate taxes on Social Security benefits. However, experts say it’s too early to factor such changes into financial plans, even with a Republican majority in Congress.
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