Social Security Cuts Coming. Advice is Bulletproof Retirement NOW - AMAC & Yahoo Finance
The Social Security cuts of 23% across the board coming in 2033 (give or take) is little news to those who follow that news, but it is understandably news to others. Financial experts have advice for those getting ready for retirement. Vance Cariaga here states four steps those in their 50s and 60s should take right now: 1.) plan to delay benefit until 70 garner the maximum monthly payout possible; 2.) increase savings; 3.) max out retirement contributions; and 4.) aim for higher investment returns. Full piece here.