Latest News
Factors that could shrink your Social Security check
According to the Social Security trustees, the program’s trust fund is scheduled to run out of money; if nothing else is done, they say, after 2034 Social Security’s annual income will only be enough to pay “about three-quarters of schedule benefits.” At most one quarter of people currently nearing retirement are going to able to shrug off any cuts at all in Social Security according to the Fed data. However, everyone else will be in serious trouble due to little or nothing in private retirement plans. Click here to read what the other three factors contributing to a shrinking Social Security check.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.