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Time to Pay Attention to Social Security’s Financial Issues - US News & World Report
In this US News & World Report article, the author describes a dichotomy - Social Security recipients will get a benefit increase next year (2027), but the program’s looming financial issues may ultimately lead to smaller monthly payments, and retiring later than planned. Social Security’s financial dilemma is complex, and program reform becomes increasingly difficult as time goes on - the longer Congress delays reform the harder it will be to fix the problem. For that reason, it is time for you to look ahead to your future retirement and make any adjustments needed to better your odds of financial comfort in your golden years. You have little control over what Congress might do to make Social Security solvent, but you do have control over your future retirement, and now is the time to focus on your future, as this article by Tim Smart opines.
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