Apr 11
12 Questions Clients Will Ask About Their Social Security Benefits By John Manganaro - ThinkAdvisor
Each year, the board of trustees tasked with overseeing Social Security publishes a detailed status update about the retirement income insurance program’s financial woes, and the newly published 2023 report is an eye-opener.
According to the trustees, the main trust fund used to support the payment of retirement benefits is on track to become depleted in 2033, at which time benefits would need to be cut by more than 20%.
