Don’t Get Caught Off Guard By Upcoming Social Security Benefit Cuts - AMAC & The Motley Fool

Are cuts really coming? Yes, they are, but Congress could act before 23% across the board cuts hit all beneficiaries in 2033. Still, people can prepare for Social Security’s looming insolvency which has been predicted and written about for more than a decade. Maurie Backman’s advice here is to save more now in IRAs and 401k plans. Her key point is retired workers cannot go back and do the same. Full article here.

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