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Social Security, Spell Benefit Cuts

MarketWatch on MSN · 1h

Social Security recipients will be paid just 81% of their benefit in 2034

Social Security’s trust funds are expected to run out of money in 2034, one year earlier than last year’s projection, the Social Security and Medicare Boards of Trustees said in a report on Wednesday.

CBS News on MSN · 6h

Social Security's insolvency date is now a year earlier. Here's how it could impact your benefits.

Social Security is dipping into its trust fund to pay current retirees, with spending outpacing its revenue from payroll taxes.

The New York Times · 4h

Social Security’s Finances Erode Further and Could Spell Benefit Cuts

The nation’s key program for retiree benefits continues to see financing shortfalls. Unless Congress acts, those drops could lead to payment cuts in eight years.

8hon MSN

The Social Security crisis is coming one year earlier than we thought

The Social Security shortfall date just moved a little bit nearer. New federal projections, released on June 18, show that ...

4hon MSN

Medicare and Social Security go-broke dates pushed up due to rising health care costs, new SSA law

The go-broke date — or the date at which the programs will no longer have enough funds to pay full benefits — was pushed up ...

1h

There’s Bad News for Retirees on Social Security. Here’s the Latest

Millions of older Americans depend on Social Security to cover their retirement expenses. But the fear is that the program ...

5hon MSN

Senate proposes big change to Social Security, SALT income tax deduction

The Senate proposal also includes a temporary tax break for older Americans: a $6,000 deduction for individuals age 65 and ...

13hon MSN

Working While Receiving Social Security: Understanding the Rules

The bottom line is that the Social Security earnings test is a big factor in determining whether older adults who are still ...

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