GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.
So, should you be worried about Social Security?
And if so, how worried should you be?
Under the guise of efficiency, the team reportedly made cuts to staff members and offices around the country.
What About Tax Cuts for Social Security?
While this technically alters Social Security, the intent is framed as beneficial for recipients.
The prospect of paying less in taxes sounds appealing to middle-class retirees.
Stranger suggested that eliminating taxes on Social Security could benefit recipients, even if it meant slightly lower benefits.
The Social Security Administration estimates that without reform, its trust fund reserves could be wiped out by 2034.
More From GOBankingRates
Share This Article:
The Latest inRetirement
