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Will the Biggest Cut to Your Social Security Benefits Be the One You Cause Yourself? – The Motley Fool

Social Security may be cut in the future — but the wrong moves on your part could shrink your benefits even more.



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You may have heard the rumors that Social Security is in trouble. And unfortunately, they’re true.
Social Security is facing a major funding deficit. In the coming years, it expects to owe more money in benefits than what it collects in revenue due to the fact that so many baby boomers will be existing the workforce and drawing their own benefits. (Since the program gets most of its revenue from payroll taxes, a smaller workforce and greater demand for benefits is bad news.) In fact, if lawmakers…

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