ads by Clixsense

Thursday, February 13, 2025

Retirement: This is my backup plan in case Social Security cuts benefits

Once its trust funds are emptied, Social Security may have to cut benefits. The Social Security Trustees say it could happen as early as 2035. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

Advertisement

Read in browser
 

Retirement

Thu Feb 13 2025

 
Social Security cards.

Once its trust funds are emptied, Social Security may have to cut benefits. The Social Security Trustees say it could happen as early as 2035.

Advertisement

The average monthly Social Security benefit will increase from $1,927 to $1,976 in 2025 after the cost-of-living adjustment this year, according to the Social Security Administration.
 

Only for older adults: Two ways seniors can save on taxes

Being older has its benefits. Here are two items exclusively for older adults that can help them save on taxes.

Someone sitting at a table typing on a laptop.
 

This was the average Social Security benefit in 2005

It's not hard to tell just how much prices for many items have increased over the past two decades.

A person at a laptop.
 

Why most people won't qualify for Social Security's highest benefit

It's pretty tough to qualify for $5,108 a month, so you may want to focus your efforts elsewhere.

A Social Security card wedged between U.S. tax forms, with eyeglasses and a twenty-dollar bill set atop the tax forms.
 

Do you live in one of the 10 states that still tax Social Security?

Which states tax Social Security? Most states don't tax Social Security but some do. Here's which ones they are, and how they might do it.

 

Sign up for the news you want

Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you.

SEE ALL NEWSLETTERS 

Advertisement

Newsletters   |    eNewspaper   |   Crosswords

Follow Us

Problem viewing email? View in browser

No comments:

Post a Comment