Social Security Update! | 5 Ways to Fix Social Security's Funding Problems (SS, SSI, SSDI)
#SSI #SSDI #SocialSecurity #VA
Great news for Social Security, SSI, and SSDI beneficiaries. Addressing Social Security's financial challenges, the actuaries' report suggests 5 potential solutions:
1. Increase Payroll Taxes
2. Tax High Earners More
3. Add New Tax Sources
4. Reduce Benefits for High Earners
5. Raise the Retirement Age
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Disclaimer: The information I discuss is solely based on publicly available news sources, based on my own personal understanding and interpretation, and should not be considered an alternative to receiving proper guidance from a trained financial, tax, or retirement professional.