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SENIORS: best to start planning for this NOW. Live well within your means, to ensure that you can remain solvent after this Social Security BENEFITS CUT ------------------------------------------------------ #SocialSecurity CRISIS Could **SLASH Retirees’ BENEFITS by $500 a Month in ~2032** The CRFB report warns that the Social Security retirement trust fund is on track to be exhausted in 2032. Under federal law, once those reserves run out, benefits must be paid SOLELY from ongoing payroll #tax revenue. That would result in an estimated **24% across-the-board REDUCTION in payments** "No state would be spared from the potentially devastating effects of insolvency" **(DON'T COUNT ON THIS HAPPENING!)** "Policymakers have developed proposals and options that have financial effects on the OASDI Trust Funds. Many of these proposals and options have the intent of addressing the long-range solvency problem," says the SSA website. https://www.ntd.com/social-security-insolvency-could-reduce-benefits-by-500-a-month-report-warns_1150038.html

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