Ask Rusty: Your Social Security Advisor
Ask Rusty: Your Social Security Advisor
The AMAC Foundation
#12. Will My Social Security Be Reduced in the Future?
6 minutes Posted Sep 29, 2021 at 2:00 pm.
0:00
6:29
Download MP3
Show notes
Dear Rusty: I started Social Security about 2 years ago and I thought that the monthly benefit amount stated to me by Social Security in their letter was guaranteed. That written amount was what I based my decision on to retire. Now I hear on the news that we may have to take a 24% reduction in the future. That will make me and millions of other seniors homeless. Was the original amount a guarantee of monthly income, and can the government reduce it whenever they want to? Signed: Anxious Senior