Tag: Social Security finances
How demographics and recent tax laws are squeezing Social Security. This year’s Social Security Trustees Report took a major step towards offering a more realistic assessment of Social Security’s financial status as the Trustees recognized that the fertility rate is not likely to rebound and that lower immigration and the GOP tax law known as…
I recently met with a 71-year-old retiree who relies on Social Security for a sizable share of her retirement spending. She’s concerned about recent news that the Social Security retirement trust fund will run out in 2032 – just six years from now. Having read the headlines, she is now worried she’ll lose much of…
