Reported 27 days ago
A recent report alerts retirees that, without Congressional action, dual-income couples may face an annual Social Security benefit reduction of up to $16,500 starting in 2033. The Social Security Administration has indicated that the OASI Trust Fund, which pays retirement benefits, will be depleted soon, leading to potential benefit cuts for both couples and single-income individuals. Experts recommend legislative changes to address the funding shortfall, but no cohesive plan has emerged yet.
Source: YAHOO