Did you know about the following Social Security reduction factors?
Social Security income is a vital source of financial security in retirement for millions of Americans. But, there are some Social Security reduction factors people need to take into consideration.
Though Medicare’s importance has increased, no social program competes with the guaranteed monthly payout that nearly all seniors receive from Social Security in their golden years.
And 62% of aged beneficiaries rely on this benefit to provide at least half their monthly income. Nevertheless, the federal government can alter Social Security income through policy action.
Some moves could raise additional revenue for the program, ultimately lifting scheduled payouts. Meanwhile, others aim to cut long-term program expenditures and, in multiple cases, lower monthly and lifetime benefits.
Whether you know it or not, the federal government will consider 5 Social Security reduction factors when deciding if they should cut your Social Security benefits.
Click “Next” to read on and find out what they are!
10 Responses
Are you fear mongering? Are you a senior! you know this first hand? Do you have a solution? If Not why are you scaring senior. You will be senior like it or not? Are you prepared?
you or such a hateful person to scare old people? What is wrong with you? out of ideas for article? Or you just a Democrate. They were the first one to try to take ss away? Tell the truth Be sure old people know this.It will last until you need SS and then gone? What will you do? better get rich quick!
It’s never been democrats that try to get rid of your social security their the ones that greated social security it’s the traitors that call themselves patriots and republicans that want to take your social security. Franklin Delano Roosevelt was the president that gave us social security a democratic president. And your republicans have been trying to get rid of it for one reason, they want to make the billionaires they work for get that money so that those billionaires can help them get richer and stay in power in Washington. People learn history so you don’t get your mind living on right wing lies.
Edith,
You immediately went to the political jibe. If you are a senior now, chances are you were part of the “Woman’s Lib,” “Free Love”, mind-expanding through drugs, etc., etc.,
Channel that inner peace, and become part of the SOLUTION!
Trump the traitor
Would it help solvency if the government were to repay the amount it has borrowed from the fund?
there is no “next” to click
If the government would stop putting their hand in Social Securities till, most of these problems would go away….I paid my whole life into this program….it is a no brainer….it is my money!
Thanks for the info. I am 75 now. do you think I will be affected by all any of these solution?
I did not notice in the plans where Congress plans to repay what they have “borrowed” through the years and not repaid. Biden/Harris recently tapped MEDICARE like it was their personal piggy bank for one of their pet projects !!!! Maybe #1 concern: PROTECT FROM POLITICIANS !!!!!!