What Happens When Social Security's Trust Funds Run Out?

If you read the latest Social Security Trustees Report, you're aware that the program's combined trust funds are expected to run dry in 2034. And clearly, that's not great news. But before you start panicking about your benefits, it's important that you understand the implications of those trust funds running out.The most important thing you should know about Social Security's trust funds is that they're not the program's primary source of funding.

BING NEWS:
  • Social Security's problems aren't going away: What that means for your benefits and taxes
    One key Social Security trust fund could run out of reserves in 2033. A new report outlines 6 questions to answer to plan your retirement.
    05/26/2024 - 2:02 am | View Link
  • Medicare and Social Security go-broke dates pushed back due to improving economy
    WASHINGTON- The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social ...
    05/24/2024 - 2:26 am | View Link
  • Retirement Experts Examine Social Security’s Latest Financial Outlook
    The Center for Retirement Research at Boston College has released an in-depth response to The 2024 Trustees Report for Social Security in which the trustees slightly lowered the projected 75-year ...
    05/22/2024 - 12:00 pm | View Link
  • Campaign aims to bolster Social Security’s workforce, strengthen its benefits
    Several times a week this spring a band of union representatives and retiree activists has been popping up at Social Security offices around the state. Their target isn’t the Social Security ...
    05/19/2024 - 11:30 pm | View Link
  • Social Security's 'biggest myth' leads people to claim early, expert says. Even a slight delay can boost retirement income
    Fears about Social Security's future shouldn't be the primary reason for claiming retirement benefits at 62, experts say.
    05/19/2024 - 2:00 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News