Social Security's 2034 trust fund depletion could slash monthly payments to 78%, making early claiming at 62 a compelling strategy for 1964-born Boomers.
$ARCC yields nearly 10% and $MO has raised dividends 57 consecutive years, both carrying Buy ratings from top Wall Street ****** ysts.
Reinvesting dividends from these 6%+ yielding stocks can more than offset the 30% reduction early Social Security claimants accept versus waiting until 67.
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Numerous studies indicate that the Social Security Old-Age and Survivors Insurance (OASI) trust fund is projected to run out of reserves in late 2032; while the program is not expected to go bankrupt or disappear, current taxpayers will still fund a large portion of the payments. Some project that payments could fall to 78% of a recipient's current payment. That means every $1,000 in payments could be cut to $780 if Congress does not intervene. The Social Security Administration says that if combined with the Disability Insurance trust fund, the depletion date is extended to 2034, when 83% of benefits would remain payable. The bottom line is that Congress will likely wait until the bitter end to fix things, as it has in the past.
#trust #early
$ARCC yields nearly 10% and $MO has raised dividends 57 consecutive years, both carrying Buy ratings from top Wall Street ****** ysts.
Reinvesting dividends from these 6%+ yielding stocks can more than offset the 30% reduction early Social Security claimants accept versus waiting until 67.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and United Parcel Service didn't make the cut. Grab the names FREE today.
Numerous studies indicate that the Social Security Old-Age and Survivors Insurance (OASI) trust fund is projected to run out of reserves in late 2032; while the program is not expected to go bankrupt or disappear, current taxpayers will still fund a large portion of the payments. Some project that payments could fall to 78% of a recipient's current payment. That means every $1,000 in payments could be cut to $780 if Congress does not intervene. The Social Security Administration says that if combined with the Disability Insurance trust fund, the depletion date is extended to 2034, when 83% of benefits would remain payable. The bottom line is that Congress will likely wait until the bitter end to fix things, as it has in the past.
#trust #early
2 days ago
