Social Security could run out in 2035: Implications for retirees

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Kerry Hannon News

Social Security Trust Fund,Social Security,Retirement Income

The Social Security Trust Fund is set to run out in 2035, one year later than expected, according to a Social Security & Medicare Trustees report. Yahoo...

" Social Security is clearly one of the biggest fears that people have when they look towards their retirement income," Hannon explains. The report calculates a 17% cut in benefits if Congress does not take action within the next 10 years.

So it's not saying it's going away, but you will get reduced benefits if Congress doesn't do something in the next, you know, under 10 years. And frankly, many people may have to because they simply cannot continue to work because they're in physical jobs or have health issues. Demi Moore’s new film, the feminist body horror “The Substance,” sees her bare it all, with several scenes featuring full nudity. At the Cannes Film Festival press conference for the film on Monday, the 61-year-old actor discussed the “vulnerable experience.

Ann, 67, moved with her husband to Portugal after scraping together money to pay their expenses in the US. Their quality of life is much better now.Local TV Station Catches Donald Trump In A Lie About 'Never Coming Back'Opinion: I changed my mind about the strength of the prosecution’s case against Donald Trump. Here’s why

Social Security Trust Fund Social Security Retirement Income Biggest Fears

 

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