Planning for Less Social Security Benefits

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"...Based on this week’s report from the folks responsible for the Medicare and Social Security Trust Funds, Americans—and especially those under age 40—need to reconsider their retirement plans.

Absent major action by lawmakers, the annual reports say that the combined assets of the Old-Age and Survivors Insurance and the Disability Insurance trust funds will be exhausted in 2033. That’s three years sooner than was projected last year...

So what adjustments do you need to make to your retirement plan given the latest reports from the trustees of Social Security and Medicare?"

Read more at MarketWatch