How to Safeguard Your Retirement from Potential Social Security Cuts
Friday, 29 March 2024, 09:04
Protect Your Retirement:
Your benefits could face a notable reduction. Here's how to prepare.
Financial Preparedness:
- Save diligently: Start saving early to secure a comfortable retirement.
- Reduce expenses: Cut costs now to build emergency funds.
- Delay Social Security filing: Increase benefits by delaying claim beyond full retirement age.
Social Security's trust funds may run dry by 2034, potentially leading to benefit cuts. It's essential to take proactive measures to safeguard your financial future.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.