payroll tax

Will Donald Trump’s Plans Accelerate Social Security Challenges? Here’s What You Need to Know

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Social Security

Social Security, a vital lifeline for millions of Americans, faces potential insolvency as early as FY 2034, according to the Congressional Budget Office (CBO). Without intervention, beneficiaries could endure a 23% cut in benefits, jeopardizing the financial security of retirees. Resolving this crisis demands difficult choices, such as reducing benefits by 24% across the board … Read more

Upcoming Social Security Changes in the Next Few Months – How They Will Affect Retiree Paychecks

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Joe Biden

The Social Security Administration (SSA) is the federal agency responsible for sending out millions of benefit checks to more than 71 million beneficiaries in the United States. Established in 1935, the SSA continually evolves, making changes to its requirements and developing new rules for the Retirement, Survivors, and Disability Insurance (RSDI) and Supplemental Security Income … Read more