As many retirees rely on Social Security checks for most or all of their income, these benefits

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Can make or break retirement for many. In its latest report, the Social Security Administration (SSA) discusses

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the future of the program and whether any benefit cuts are likely in the future. Find out how the future may look.

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1. Benefits could be reduced by 2034

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Therefore, the Social Security Administration has had to dip into its trust funds to make up the difference.

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While that may sound bleak, there is good news: Social Security isn't going away completely.

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It is a common misconception that the program will be completely eliminated when the trust funds run out.

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3. There are steps you can take to prepare The likelihood of benefit cuts is unknown, but that doesn't mean you can't prepare for any eventuality. [{ "selector": ".azqgi-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "rotate(-580deg) scale(0.1)", "opacity": 1}, {"offset": 1, "transform": "rotate(0deg) scale(1)", "opacity": 1} ] }, { "selector": ".eftdc-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "rotate(-580deg) scale(0.1)", "opacity": 1}, {"offset": 1, "transform": "rotate(0deg) scale(1)", "opacity": 1} ] }]

Bulking up your retirement fund is one of the best things you can do right now. In general

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the more savings you have, the less reliant you will be on Social Security. Your retirement won't be affected as much if your benefits are reduced.

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Most retirees completely overlook the $18,984 Social Security bonus

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Most Americans are a few years (or more) behind in their retirement savings. A few little-known Social Security secrets

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Can help boost your retirement income. You could earn up to $18,984 more with one simple trick every year!

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best Opportunity For You Swipe Up

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