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Retired couples will face Social Security cuts of up to $21,800 a year if Congress doesn't act, watchdog says

By Yahoo! Finance   |   2 months ago
Retired couples will face Social Security cuts of up to $21,800 a year if Congress doesn't act, watchdog says

If Congress doesn't act, Social Security reserves could run out by 2033, affecting retirees' benefits. Policymakers face tough choices like raising retirement age or taxes. Individuals can protect themselves by maximizing retirement savings, considering cost-saving moves, and exploring new income streams.

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