Why Did They Cut My Wife's Social Security Benefit in Half, and What Should We Do Next?
As always, The Motley Fool cannot and does not provide personalized investing or financial advice. This information is for informational and educational purposes only and is not a substitute for professional financial advice. Always seek the guidance of a qualified financial advisor for any questions regarding your personal financial situation. If you'd like to submit your question for feedback, you can do so here.You depend on your Social Security checks to stay financially secure in retirement, so it's natural to be worried about anything that could jeopardize them, whether that's benefit taxes or the possibility of the program running out of money. Even if you have savings of your own, nothing quite beats the peace of mind that comes with knowing you have a monthly check coming no matter what.That's why it can be really alarming to receive a notice that your benefit's about to get cut in half. That's what happened to one married couple a few months ago after they'd been on Social Security for 10 years. The couple took to Reddit (NYSE: RDDT), asking for advice on how to proceed:Continue reading
As always, The Motley Fool cannot and does not provide personalized investing or financial advice. This information is for informational and educational purposes only and is not a substitute for professional financial advice. Always seek the guidance of a qualified financial advisor for any questions regarding your personal financial situation. If you'd like to submit your question for feedback, you can do so here.
You depend on your Social Security checks to stay financially secure in retirement, so it's natural to be worried about anything that could jeopardize them, whether that's benefit taxes or the possibility of the program running out of money. Even if you have savings of your own, nothing quite beats the peace of mind that comes with knowing you have a monthly check coming no matter what.
That's why it can be really alarming to receive a notice that your benefit's about to get cut in half. That's what happened to one married couple a few months ago after they'd been on Social Security for 10 years. The couple took to Reddit (NYSE: RDDT), asking for advice on how to proceed:
