benefit cuts

Social Security Announces New Cuts in Retiree Benefits – Say Goodbye to $300

by
Joe Biden

Claiming Social Security benefits is a pivotal moment when approaching retirement. While monthly deposits bring peace of mind to millions of retired Americans, economic and financial events can affect these payments. Unfortunately, it appears benefit cuts are inevitable if lawmakers fail to act in time. Social Security trust funds are projected to be depleted by … Read more

Bad News for Those Born in 1973 Who Want to File for Social Security at 62

by
Girl holding money bill of 300 dollars on background of sea ocean waves.

Choosing to receive Social Security retirement benefits at age 62 is an option available to all eligible Americans. However, opting for early benefits means accepting a reduction of about 30% in your monthly payments. This can significantly impact those who rely heavily on Social Security to cover their living expenses. Furthermore, recent announcements from the … Read more