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Thoughts on Dealing With Potential Benefit Cuts - tulsaworld.com
The airwaves are again carrying a continuing stream of commentary about the looming Social Security insolvency dilemma, and despite the one-year reprieve cited in the most recent Trustees Report, nearly all the pundits are resigned to the likelihood that the absence of corrective measures would lead to substantial future benefit cuts. So, what steps should you consider to position yourself better in the event that Social Security reaches that insolvency point? While many consider it unlikely that legislators won’t take action, it’s still wise to do a worst-case analysis to prepare. The Motley Fool’s Maurie Backman, in a post today on tulsaworld.com, has some suggestions to consider. Read her post here…