vimarsana.com

Page 8 - அமெரிக்கன் கல்லூரி ஆஃப் நிதி சேவைகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Social security cuts: What can you expect to get based on your age?

Come 2034, incoming revenues will be enough to pay about 76% of scheduled Social Security benefits, a 2020 Social Security Administration trustees report predicts. Given that, how might different generations plan for this? Should they plan for a 24% decline in their scheduled benefit? Should they not factor Social Security benefits into their retirement income plan at all? Or might they do something else. “Though I think it far more likely that some combination of reforms will eliminate the need for cuts of the magnitude the trustees report suggests, people should be aware of the impact a cut would have on their overall financial situation,” says Joe Elsasser, a certified financial planner and president of Covisum.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.