Here's My Plan in Case Social Security Is Cut
Benefit cuts aren't a given, but I'm not taking chances.
Overview
Social Security has been in the news a lot lately -- but not necessarily for a great reason. According to the program's Trustees, Social Security's Old-Age and Survivors Insurance (OASI) Trust Fund will be out of money by the fourth quarter of 2032.
Once the OASI Trust Fund runs dry, Social Security can still pay retirement benefits. That's because the program's main source of funding is payroll tax revenue.
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Details
Source
Originally published at www.fool.com.
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