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Kailey has been writing about personal finance since 2013. She does her best to keep it interesting and jumps at any opportunity to learn something new.
It s a scary story told to frighten the younger members of the workforce: Social Security is running out of money and will soon be a thing of the past, leaving you to fund retirement entirely on your own. Cue the horror movie soundtrack.
Fortunately, it isn t true, although the program s future is far from rosy. Below, I ll break down why people think Social Security s about to bite the dust and what its real future means for your retirement.
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Covisum Launches Social Security Benefit Cut Calculators
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Free Consumer Version Shows the Impact of Potential Benefit Cuts, While Professional Solution Adds Value to Financial Services
These calculators allow both consumers and advisors to see what the future could actually look like if they were to experience Social Security benefit cuts. OMAHA, Neb. (PRWEB) April 06, 2021 Today, Covisum®, the developer of Social Security Timing®, Tax Clarity®, SmartRisk™, and Income InSight® software solutions for financial advisors and institutions, announces the release of a new Social Security benefit cut calculator.
Throughout the pandemic, many people have decided to claim their Social Security benefits early because of market volatility and high unemployment. The influx of new Social Security claimants, in addition to the reduced income from fewer people working, has some experts estimating that the