8 Key Signs You Need a Backup Plan for Social Security Cuts

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The truth is that many people have not saved enough for retirement, he said.

Financial experts offered eight key signs that you need abackup plan for any Social Security cuts.

Are your retirement savings a vague notion?

Stroup warned that this can be a problem, leaving you unprepared for potential Social Security cuts.

You should regularly review your retirement accounts and set savings goals to ensure that youre building asufficient safety net.

This could include jobs such as teachers, police, fire, public employees.

Around 3 million Americans could be significantly impacted by this update this year, Gattis said.

A financial advisor can help you navigate these changes and others that may be impacting your paychecks in retirement.

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