Social Security Is Changing Under President Trump. Here's What Retirees Need to Know.
President Trump promised multiple times during his campaign that he would not cut Social Security benefits. Instead, he vowed to protect and strengthen the program by eliminating fraud. Trump also proposed ending taxes on Social Security benefits, a message that undoubtedly resonated with senior voters.Importantly, Social Security has a serious financing problem that could result in benefit cuts within a decade. President Trump has set in motion several major changes since returning to Washington, but none have made a material impact on the problem.Here's what retirees should know.Continue reading
President Trump promised multiple times during his campaign that he would not cut Social Security benefits. Instead, he vowed to protect and strengthen the program by eliminating fraud. Trump also proposed ending taxes on Social Security benefits, a message that undoubtedly resonated with senior voters.
Importantly, Social Security has a serious financing problem that could result in benefit cuts within a decade. President Trump has set in motion several major changes since returning to Washington, but none have made a material impact on the problem.
Here's what retirees should know.
