Projections show that Social Security's trust funds will face challenges in 2034 in their ability to pay full benefits. Mo looks at the options to face those challenges including raising the payroll tax, an income donut hole, raising the full...
Projections show that Social Security's trust funds will face challenges in 2034 in their ability to pay full benefits. Mo looks at the options to face those challenges including raising the payroll tax, an income donut hole, raising the full retirement age, or making changes to the percentage of Social Security benefits subject to taxation.
See omnystudio.com/listener for privacy information.
Want to take control of your financial future? Discover essential concepts you need to know in order to maintain a healthy financial position. Andrew Nida and Mo Piram use their years of industry experience to help educate and enlighten listeners and keep us informed on the financial news we need to know.