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Personal Finance (Not Investing) • Re: Take Social Security Now?

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Concerned about S/S being available in the future.
I have heard that for 50 years. Don't be concerned it's easily fixable. It's a political problem not a mathematical problem to fix it.
Given that SS benefits have already been reduced for a large percentage of us vs. what we were promised when we started contributing, why shouldn't we be concerned that something similar could happen again? It's not necessary to speculate on exactly when or how benefits could be reduced, but it's indisputable that they already have been.
Reduced? Exactly how?
SS offered full benefits at age 65, and benefits were not taxed at the federal level.
As far as the age/ exact benefits you receive and future taxes, I would 100% be concerned/prepared for change

But as far as available, I have absolutely no concerns. And the more money you have the more I would be concerned about changes

Statistics: Posted by Johm221122 — Wed Mar 27, 2024 11:52 am



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