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Assessing How Social Security Benefit Cuts Could Affect You
The Social Security solvency problem has been discussed for years at this point, and there has been quite a bit of speculation about the potential for total reform before the trust funds are depleted. So far, though, there’s been no forward motion on corrective action, leaving folks to wonder about just what the impact on their finances would be if the draconian cuts projected by the Trustees come to pass. CNBC personal finance reporter Lorie Konish, in a post today on cnbc.com, explains a new tool available to consumers that can help them assess how varying percentage reductions could affect benefits. Check it out here…
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